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BBCNEWS BBC News October 4, 2021 09:03:00

Years later, in 2017, tony and cherie blair bought this townhouse in central london for £6.45 million. but rather than buy the house as you or i would, they bought the offshore company that owned it, saving more than £300,000 in stamp duty. that doesn t look great, and it partly doesn t look great because most people cannot do the same thing, and so even if what the blairs did was perfectly legal, perfectly legitimate in the business world, it feels instinctively really unfair because they got access to an advantage a potential advantage that the rest of us don t have. cherie blair told the bbc they didn t request to structure the transaction this way, and that after purchase they had brought the property under uk tax and regulatory rules. a spokesman added the couple will be liable for tax on capital gains on resale. ....

Central London , Tony Blair , Cherie Blair , 5 45 Million , 16 45 Million , Stamp Duty , Offshore Company , Doesnt Look Great , The Business World , Dont Have , Havent You , Bbc News , Capital Gains ,

BBCNEWS BBC News October 4, 2021 08:09:00

Wealthy people to to gain tax advantages unavailable to most of us. millionaires with the right accountant pay nothing, whilst pensioners pay vat on fuel. 0ffshore trusts get tax relief while homeowners pay vat on insurance premiums. we will create a tax system that is fair, which is related to ability to pay. years later, in 2017, tony and cherie blair bought this townhouse in central london for £6.45 million. but rather than buy the house as you or i would, they bought the offshore company that owned it, saving more than £300,000 in stamp duty. that doesn t look great, and it partly doesn t look great because most people cannot do the same thing, and so even if what the blairs did was perfectly legal, perfectly legitimate in the business world, it feels instinctively really unfair because they got access to an advantage ....

Tax Advantages , Tax Relief , Tax System , Central London , Offshore Company , Tony Blair , Cherie Blair , 16 45 Million , 5 45 Million , Stamp Duty , Doesnt Look Great , The Business World ,

BBCNEWS BBC News October 4, 2021 10:18:00

But rather than buy the house as you or i would, they bought the offshore company that owned it, saving more than £300,000 in stamp duty. that doesn t look great, and it partly doesn t look great because most people cannot do the same thing, and so even if what the blairs did was perfectly legal, perfectly legitimate in the business world, it feels instinctively really unfair because they got access to an advantage a potential advantage that the rest of us don t have. cherie blair told the bbc they didn t request to structure the transaction this way, and that after purchase they had brought the property under uk tax and regulatory rules. a spokesman added the couple will be liable for tax on capital gains on resale. the files also reveal how a prominent tory donor who supported borisjohnson s leadership campaign was involved in one of europe s biggest corruption scandals. ....

Stamp Duty , Central London , Offshore Company , 5 45 Million , 16 45 Million , The Business World , Doesnt Look Great , Havent You , Bbc News , Dont Have , Cherie Blair , Leadership Campaign , Capital Gains ,

BBCNEWS Newsday October 3, 2021 23:05:00

Tony blair promised tax reform, but he and his wife saved money when they bought this place in central london in 2017. it cost them £6.5 million. the stamp duty on a property like this would be more than £300,000. that s what you or i would pay if we bought this property direct from somebody else. but the blairs didn t pay it. that s because the property was owned by an offshore company and the blairs bought that company rather than the property itself. no rules were broken, no stamp duty to pay. that doesn t look great, - and so, even if what the blairs did was perfectly legal, perfectly legitimate - in the business world, - it feels instinctively really unfair, because they got access to an advantage, | a potential advantage - that the rest of us don t have. cherie blair told the bbc they didn t request to structure the transaction this way and that, ....

Tony Blair , Stamp Duty , Tax Reform , Central London , 6 5 Million , 5 Million , Blairs Didn T , Offshore Company , Somebody Else , The Business World , Doesnt Look Great , Cherie Blair , Dont Have ,

BBCNEWS Newsday October 3, 2021 22:05:00

On his way to power, tony blair promised tax reform, but he and his wife saved money when they bought this place in central london in 2017. it cost them £6.5 million. the stamp duty on a property like this would be more than £300,000. that s what you or i would pay if we bought this property direct from somebody else. but the blairs didn t pay it. that s because the property was owned by an offshore company and the blairs bought that company rather than the property itself. no rules were broken, no stamp duty to pay. that doesn t look great, and so, even if what the blairs did - was perfectly legal, perfectly legitimate in the business world, - it feels instinctively unfair, because they got access - to an advantage, a potential advantage that the rest of us don t have. - cherie blair told the bbc ....

Tony Blair , Stamp Duty , Tax Reform , Central London , 6 5 Million , 5 Million , Blairs Didn T , Offshore Company , Somebody Else , Doesnt Look Great , The Business World , Cherie Blair , Dont Have ,