Duo jailed for £1m property fraud
A pair of fraudsters who bought and sold over 50 properties but failed to pay nearly £1 million in tax, have been jailed for more than eight years.
New Year – New Business ‘Tis the Season to Be Entrepreneurial by the Rt Hon Mel Stride Financial Secretary to the Treasury and Paymaster General
Fans of The Apprentice will know that Swimwear designer Sian Gabbidon was chosen as the winner of The Apprentice 2018 by Lord Sugar earlier this month. The 26-year-old, from Leeds, beat nut milk entrepreneur Camilla Ainsworth, to win a £250,000 investment from Lord Sugar in her swimwear company.
Hampshire property tax fraudster jailed
A Hampshire property landlord, who failed to declare Capital Gains Tax from the sale of properties evading £157,725, has been jailed for two years and three months.
Former Ascot property developer jailed for £640k fraud
A former Ascot-based property developer, who hijacked details of an offshore company in the British Virgin Islands and forged documents to commit fraud and evade VAT, has been jailed for three years and seven months. He was also trading while disqualified as a company director.
Clampdown on tax avoidance on UK property
Under new regulations published today, for the first time schemes designed to get around the Annual Tax on Enveloped Dwellings will have to be disclosed to HM Revenue and Customs (HMRC).
One week left to catch up with second home tax
People who have sold properties that are not their main homes without paying the tax due have one week left to pay HM Revenue and Customs (HMRC).
Avoidance scheme lands Abbeyland with liability
A property development company has failed in its attempt to avoid paying tax on a property sale by creating a “loss” of £1.6 million. It used a scheme that involved buying and surrendering investment bonds issued by a life assurance company.