Friday 27 May 2016

HMRC loses £50m Chelsea Barracks tax appeal to Qatar - BBC News

HMRC loses £50m Chelsea Barracks tax appeal to Qatar - BBC News:

"HM Revenue & Customs has lost its bid to recover up to £50m in stamp duty from the sale of the Chelsea Barracks in 2007.
Three Court of Appeal judges decided that the tax office had pursued the wrong party for the tax.
The purchaser, a firm owned by the Qatar Investment Authority, had used a type of Islamic finance that meant a bank actually owned the property."



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