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Only 9 of the 62 flats at One Hyde Park are paying council tax

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    Only 9 of the 62 flats at One Hyde Park are paying council tax

    Only nine pay council tax in enclave for super-rich | UK news | The Observer

    Only nine of the 62 apartments sold in One Hyde Park – the world's most expensive residential block – have been registered for council tax.

    The ownership of the Knightsbridge apartments, which range in price from £3.6m for a one-bedroom flat to £136m for a penthouse, is now under investigation by Westminster city council, which is determined to pursue the monies owed by the secretive owners of the apartments.

    Council records show that only four owners are paying the full council tax of £755.60 a year plus £619.64 to the Greater London Authority, while five are paying the 50% discounted council tax owed on a second home.

    Westminster has received no response from the developer of One Hyde Park, Project Grande (Guernsey), managed by billionaire brothers Nick and Christian Candy, to a written request sent two weeks ago asking for the names of the remaining apartment owners. Officials are now researching Land Registry records for the exclusive block, sandwiched between Harvey Nichols and the Serpentine. However, the myriad offshore companies protecting the identities of residents are, according to sources at the council, likely to defeat them.

    An analysis of the records by the Observer shows that 25 of the flats' registered owners are companies in the British Virgin Islands. Other offshore tax havens used to purchase the properties include Guernsey, the Cayman Islands, Liechtenstein and Liberia.
    "A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon

    #2
    "Future buyers of properties already sold at One Hyde Park have the option of avoiding stamp duty by buying the companies that own them and assuming control without triggering a taxable property transfer"

    Now that's interesting.
    What happens in General, stays in General.
    You know what they say about assumptions!

    Comment


      #3
      Originally posted by MarillionFan View Post
      "Future buyers of properties already sold at One Hyde Park have the option of avoiding stamp duty by buying the companies that own them and assuming control without triggering a taxable property transfer"

      Now that's interesting.

      It got mentioned in the professional forums the other day.

      http://forums.contractoruk.com/accou...tamp-duty.html

      Comment


        #4
        Good for them I say. The more tax the council gets, the more they'll waste on security cameras.

        Only little people pay council tax
        Work in the public sector? Read the IR35 FAQ here

        Comment


          #5
          Originally posted by OwlHoot View Post
          Only little people pay tax
          FTFY
          Coffee's for closers

          Comment


            #6
            It's not on the Monopoly Board so I don't understand....

            Comment


              #7
              Originally posted by OwlHoot View Post
              Good for them I say. The more tax the council gets, the more they'll waste on security cameras.
              If you have nothing to hide you have nothing to fear.
              "A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon

              Comment


                #8
                From the title I assumed the story was going to be that the properties were used for benefits claimants.
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment


                  #9
                  Originally posted by Freamon View Post
                  If you have nothing to hide you have nothing to fear.
                  That logic can trigger a slide down an awfully slippery slope.
                  You won't be alerting anyone to anything with a mouthful of mixed seeds.

                  Comment


                    #10
                    Originally posted by GreenLabel View Post
                    That logic can trigger a slide down an awfully slippery slope.
                    Yes, worrying isn't it. Still I'm sure someone will be along in a minute to point out that this would be an ideal opportunity to boost sales of toboggans or something.
                    "A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon

                    Comment

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