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Andy Wood, Founder and Technical Director at Enterprise Tax Consultants Discusses The Tax Reasons Why International Private Clients Are Choosing to Rent Property.
I note with interest the article in the Times Bricks and Mortar section entitled ‘The Rental Revolution: Why even the wealthy are renting’. This was largely a non-tax article.
This piece made me recall a conversation I had with a London Property lawyer. He had spent many years advising overseas clients on how to structure property purchases in the UK and mainly London.
At the end of our conversation we came to the conclusion – why on earth would a wealthy person buy a high-end property in London?