More than 20,000 UK students are paying for rooms owned by companies based offshoreTens of thousands of undergraduates are paying for accommodation at universities where developers are cashing in on the privatisation of student housing using offshore companies, a Guardian investigation has found. Quick guide Offshore property ownership Show Hide What are the advantages of using an overseas company to hold property? Holding a property offshore currently allows overseas investors to sell on properties without a UK tax bill on their profits. The rental income they do declare is subject to UK income tax at 20%, rather than to corporation tax. Millions of pounds in rent is collected by UK companies that then pass on payments to Luxembourg.

Source: The Guardian May 27, 2018 14:07 UTC