David Cameron will promise to act against corrupt foreigners who buy up luxury properties in the UK using secretive holding companies to hide their “dirty money”. The prime minister will use a visit to Singapore to make an anti-corruption speech on Tuesday in which he will express concern that some properties, mainly in London, “are […]
Read MoreSURREY MANSION USED TO HIDE SUSPECT FUNDS
How the UK’s property market is serving as a money-laundering vehicle for the world’s criminal and corrupt. The son of former Kyrgyz President Kurmanbek Bakiyev lives in a £3.5 million mansion in the Borough of Reigate and Banstead in Surrey, despite being convicted in his homeland of the attempted murder of a UK citizen and […]
Read MoreChannel Islands and BVI hold two-thirds of UK property offshore vehicles
Property in England and Wales worth £122bn or more is held through companies in offshore tax jurisdictions where ownership is tricky to establish, according to Land Registry data analysed by the Financial Times. The detailed report showed that around two-thirds of the 91,248 foreign-company owned properties were held through the Channel Islands and British Virgin […]
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