Harringay, Haringey - So Good they Spelt it Twice!

"Foreign entities holding English/Welsh real estate"

Hi All,

This caught my eye. An interactive map of all property held by foreign entities.

“If you click on a property you can see its land registry details … You’ll also see the name of the foreign entity … You can then click on “people” and “beneficial owners” to see who the registered beneficial owner is”

There are notes beneath the map saying exactly what the map can and cannot reveal.

https://www.taxpolicy.org.uk/2024/01/16/overseas/

Tags for Forum Posts: property

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Permalink Reply by kotkas on January 16, 2024 at 23:27

This is great! As expected some of the ‘beneficial owners’ are law firms acting on behalf of the actual owner.

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Permalink Reply by Gordon Farcas on January 17, 2024 at 9:27

It appears that Costa Apollo Ltd, registered in Cyprus, own half of those properties in Harringay.

I assume that those properties are well maintained and that the tenants are well served.

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Permalink Reply by JamesN on January 17, 2024 at 12:24

Like all of the properties owned by 'good proper English' people, Gordon?

Do you have an alert set up for mention of 'foreigners' or do you just avidly watch out for any opportunity to impugn them?

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Permalink Reply by Gordon Farcas on January 17, 2024 at 15:31

How do you know they are "foreigners", James?

I think you have inadvertently revealed yourself there.

My point was to query why anyone would wish to set up in Cyprus in order to lease out residential and commercial property in London. They only reason I can think of is to avoid scrutiny.

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Permalink Reply by JamesN on January 17, 2024 at 16:40

Given your deep concern over these things, I'd assumed you'd bothered to look at the link provided to Companies House for Apollo. The two men named as beneficial owners of the company are doing a poor job of trying to avoid scrutiny.

There's no need to be coy about your intent. Your reputation precedes you, Gordon.

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Permalink Reply by Gordon Farcas on January 17, 2024 at 17:09

Glad to be of service James. Where would we be without people such as yourself helpfully keeping us all on track.

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Permalink Reply by Andrew on January 19, 2024 at 11:27

Actually there are good tax reasons. Commercial (not residential) property held by a non-UK company which itself is owned by a non-UK domiciled individual (or by a trust created by someone who was non-UK domiciled when they established the trust) avoids inheritance tax. Nothing illegal about that.