One Hyde Park, the world's most expensive apartment building, is a notorious den of tax avoidance. The building is located in London's Knightsbridge, between the Serpentine and Harvey Nichols, and has 62 apartments, each worth millions of pounds. Only nine of the 62 owners pays their council tax, and most of the apartments were sold without any stamp duty (a tax on home purchases) being collected through a dodge whereby each apartment was owned by a company over which the buyers assumed control, so that the apartment itself never changed hands.
Karen Buck, the Labour MP for Westminster north, said she expected the council to act quickly to recoup the tax from One Hyde Park's residents. She voiced concern that the super-rich in London were not paying their way, saying: "When council spending is under unprecedented pressure, it is scandalous that residents in luxury apartments can avoid their share of council tax liability. It sometimes seems as if the more money you have the less you are required to pay."
A council may apply to a magistrate for a warrant to imprison a council tax debtor if they are refusing to pay but have the means.
The revelation follows claims by Liberal Democrats that up to £750m is lost every year to the exchequer when house purchases are hidden behind off-shore companies.
Only nine pay council tax in enclave for super-rich
Edinburgh’s Nahid Akram installed a CCTV system that let him record his downstairs neighbours Debbie and Tony Woolley in their back garden, capturing both images and audio of their private conversations, with a system that had the capacity to record continuously for five days.
The UK’s Forbidden Planet is now offering signed hardcovers of Walkaway, my first novel for adults since 2009 — this is in addition to the signed US hardcovers being sold by Barnes and Noble.
In a new analysis of the World Income Database published by the National Bureau of Economic Research, Thomas Piketty and colleagues from the Paris School of Economics and UC Berkeley, describe a “collapse” of the share of US national wealth claimed by the bottom 50% of the country — down to 12% from 20% in […]
Python is immensely popular in the data science world for the same reason it is in most other areas of computing—it has highly readable syntax and is suitable for anything from short scripts to massive web services. One of its most exciting, newest applications, however, is in machine learning. You can dive into this booming […]
Learning new skills is a great way to improve your resume and stand out from other candidates. Especially in a workforce in which many job-seekers have a wide variety of qualifications. With lifetime access to Virtual Training Company, you won’t have to choose a specific focus. You can pick up new expertise whenever you deem it […]
Instead of throwing out all the empties after your next party, why not transform them into some new DIY glassware? Cut back on waste and add some home ambiance with the Kinkajou Bottle Cutter and Candle Making Kit.The Kinkajou is designed as a clamp-on scoring blade to make precise cuts. Just slide a bottle in, tighten […]