by dequacivis » Thu Oct 04, 2018 5:43 pm
Hello All, There is a lot of frustration with this development, and the disruption thrust upon local residents. Would everyone be even more outraged to discover that Audley is there in name only, in order to detract from the fact that the real benefit structure has been constructed in Jersey to hide the main Arab/Middle eastern speculators.
Audley own 4% and are required to buy the freehold after all the apartments have been sold.
As it stands, the very cleaver disguised scheme looks like to divert the £40m - £50m profit back to the overseas investors, COMPLETELY tax free!
Amazingly the MET Police sold the plot to the Jersey structure, knowing that this would be the likely outcome..... this dispite all Political Parties pretending to be outraged by the secrecy of the tax free offshore centers? No need for secrecy, if UK Public Bodies stopped helping £billions get into these jurisdictions!
Wandsworth Council also gave them planning permission, letting them maintain the pretense that the local community would benefit....!!!! The large development site next to this one (The Drum - 3-6 Balham Hill) was also given planning permission to a Jersey structure (tax free) so .... all that disruption and probably around £100m profited offshore tax free, and the locality has 180 more 1 to 3 bedroom flats ranging from £800k to £3m....... and we haven't touched upon the scams pulled to restrict the proper supply of affordable homes!!
- Attachments
-
-
Hello All, There is a lot of frustration with this development, and the disruption thrust upon local residents. Would everyone be even more outraged to discover that Audley is there in name only, in order to detract from the fact that the real benefit structure has been constructed in Jersey to hide the main Arab/Middle eastern speculators.
Audley own 4% and are required to buy the freehold after all the apartments have been sold.
As it stands, the very cleaver disguised scheme looks like to divert the £40m - £50m profit back to the overseas investors, COMPLETELY tax free!
Amazingly the MET Police sold the plot to the Jersey structure, knowing that this would be the likely outcome..... this dispite all Political Parties pretending to be outraged by the secrecy of the tax free offshore centers? No need for secrecy, if UK Public Bodies stopped helping £billions get into these jurisdictions!
Wandsworth Council also gave them planning permission, letting them maintain the pretense that the local community would benefit....!!!! The large development site next to this one (The Drum - 3-6 Balham Hill) was also given planning permission to a Jersey structure (tax free) so .... all that disruption and probably around £100m profited offshore tax free, and the locality has 180 more 1 to 3 bedroom flats ranging from £800k to £3m....... and we haven't touched upon the scams pulled to restrict the proper supply of affordable homes!!