Property News · April 7, 2016

Former HSBC boss tried to avoid tax on £8m Kensington house


Panama Papers show Michael Geoghegan, a leading Brexit campaigner, has used offshore firms to manage his wealthThe leading Brexit campaigner Michael Geoghegan is not resident in the UK for tax purposes, the Guardian can reveal.According to documents, the former chief executive of HSBC held his £8m Kensington townhouse through an offshore company – and planned to avoid tax by effectively renting the property to himself. Continue reading…

Source : theguardian.com
Read more…Former HSBC boss tried to avoid tax on £8m Kensington house