Quote:
Originally Posted by jalfrezi
If you own property here and live abroad and haven't paid your dues immigration will get you. If you never intend to return and the place is empty (hello Bishop's Avenue) we'll put a compulsory purchase order on it so it can fulfil its purpose of being a home for people. If you've rented it out and will never return we can tax your rental income. If you transfer the deeds to a family member or company they'll be the ones liable for tax on it. If you transfer the deeds to an entity outside UK jurisdiction we can see the transfer and deem this tax evasion/avoidance and again compulsory purchase is an option.
Meanwhile we already have a network of Valuation Offices, so that part is already in place (though would probably need expanding).
I'm sure there are loopholes though - what are they?
put it under a shell company, registered in another country. write off losses in company. pay no taxes!
compulsory purchase order is good though