UK Government investigates cases of possible tax evasion by landlords

Transparency International UK has published a report informing that London properties are being purchased anonymously through companies. The organisation investigated the cases, and found that more than third of properties sold in a new Kensington and Chelsea development areas were purchased through anonymous companies, many of which registered in the British Virgin Islands.

Transparency International said that the UK Government should require to disclose property ownership, to make sure that taxes are collected and that the funds used to acquire UK property are from legal sources.

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