Research shared with the Guardian also shows offshore holdings in London are worth a combined £55bn
More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian.
The findings come as the government begins a crackdown to dismantle the secrecy that surrounds offshore property ownership, which it says has been used by “corrupt elites laundering money through UK property”.
Research shared with the Guardian also shows offshore holdings in London are worth a combined £55bnMore than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian.The findings come as the government begins a crackdown to dismantle the secrecy that surrounds offshore property ownership, which it says has been used by “corrupt elites laundering money through UK property”. Continue reading…
