She writes:There is a country that taxes British residents, and British companies, when they make money on selling commercial real estate, but doesn’t tax foreigners. According to the British Property Federation there is about £871bn worth of commercial real estate in the UK – 10% of our nation’s net wealth. About 20% of commercial real estate is sold each year – worth an eye-watering £115bn in 2015, according to Her Majesty’s Revenue and Customs. When a seller is a UK individual or company, they are subject to UK corporation tax on their capital gains. Approximately one-third of all UK commercial real estate – including most high value property – is held through offshore companies.

Source: The Guardian October 30, 2017 07:46 UTC