The UK continues levying taxes

13.12.2012

The draft budget for 2013 The UK government has provided a new provision - an annual tax for those who own homes worth more than £ 2 million, which are registered to offshore companies.

The annual fee will depend on the value of the property. For example, if your property is in the ranging from £ 2 million to £ 5 million, the fee will be £ 15,000, if from £ 5 million to £ 10 million - £ 35 000, if from £ 10 million to £ 20 million - then £ 70,000, and if the value of the property exceeds the bar at £ 20 million, the fee is £ 140 000.

An interesting fact is that the right to define the property remains with the owners of the property. However, the HM Revenue and Customs retained the ability to check a certain property value, but for the wrong assessment of the property they provide, respectively, a system of fines.

On the basis of:

http://www.hmrc.gov.uk/

Expert’s opinion

"Tax on what you've already bought and what is already yours, in principle is extremely vicious and wrong idea. Such taxes disturb private property rights! I have already paid for the land, building, car, why should I pay again for that, and so is mine? This is not a rental. This is not a temporary use. This is mine by right of private property!

The desire to collect taxes from the riches, who are the most energetic and enterprising people, it is Sharik’s quintessence "select and divide." It is a pity that the governments of many countries including UK opted like Polygraph Poligrafych ... These methods can help to collect taxes once. Then there will be no one to collect ...

Property will be transferred from offshore companies to trusts, foundations or other partnership. Enterprising people find where to send 140 millions! And I assure you, that people will come up with the scheme holdings, which will legally circumvent this populist tax. Use the professinal services! "

Yaroslav Lomakin ( Managing partner of “Honest&Bright” company.)