UK Commercial Property held in overseas tax havens

February 29th, 2008 | by Simon Rattray

The Office space UK serviced officesUK exchequer is losing out on millions of pounds worth of revenue because UK commercial property is held in tax havens overseas, writes The Times. The practice is commonplace with supermarket giant Tesco recently transferring the ownership of eight of it stores to a JV domiciled in the Cayman Islands.

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