Home U.K How Tony Blair dodged stamp duty on £6.5m property and 10 other...

How Tony Blair dodged stamp duty on £6.5m property and 10 other Pandora Papers bombshells

239
0


The Pandora Papers reveal the Blairs acquired a British Virgin Islands (BVI) company controlled by the family of Bahrain’s current minister for industry, commerce and tourism – though both sides have said they didn’t initially know who they were dealing with.

By acquiring the holding company, and not the property itself, the couple weren’t required to pay stamp duty.

There is nothing illegal about this transaction, and there’s no evidence the Blairs were actively seeing to dodge tax.

However, the deal highlights a loophole available to wealthy property owners.



Previous articleDoes Alexander Zverev have a girlfriend, and what are the allegations from Olga Sharypova?
Next articleDamian Lewis is leaving 'Billions' after Season 5

LEAVE A REPLY

Please enter your comment!
Please enter your name here