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Author Topic: Did Prince Andrew avoid a £6 million tax bill  (Read 810 times)
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Nighthawk
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« on: March 13, 2011, 03:10:17 pm »

Did Prince Andrew avoid a £6 million tax bill when he sold Sunninghill to his Kazakh friends?
http://www.telegraph.co.uk/news/uknews/theroyalfamily/8378172/Did-Prince-Andrew-avoid-a-6-million-tax-bill-when-he-sold-Sunninghill-to-his-Kazakh-friends.html
Quote
Prince Andrew sold the five acre property to an offshore trust which belonged to Timur Kulibayev, the billionaire son-in-law of the Kazakh president, Nursultan Nazarbayev, who he had entertained as part of his Government role as Britain’s trade ambassador. Kulibayev has a child with Andrew’s socialite friend Goga Ashkenazi

The controversy surrounding the sale of the 12 bedroom house in 2003 for £3 million over the market value was compounded when the new owners failed to move in and left the house, built as a wedding gift from the Queen to the Duke and Sarah Ferguson, to fall into a state of disrepair.

Now an examination of the official documents related to the transaction by tax and property barristers suggests the Duke used a complicated legal arrangement to ensure he was not forced to pay 40 per cent capital gains tax for which he could have been liable.

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