
Finshots
February 19, 2025 at 05:29 AM
*UK real estate is a playground for the ultra-rich to dodge taxes, but the Indian Government wants to fix it!*
Real estate is the favorite asset of the wealthy as it typically appreciates over time. And London has been their top choice since foreign nationals can buy properties, rent them out, and enjoy strong property rights.
But it’s not just about big returns—it’s also a way to dodge taxes. Many investors use offshore companies to hold these properties, leveraging tax havens to minimize liabilities and keep their wealth hidden.
And this is where the Indian government is concerned—wealthy Indians might be using these setups to bypass Foreign Exchange Management Act and move money abroad unchecked, which could weaken rupee.
Now you'll think the UK government would be eager to close these loopholes. Well, not really.
Why? Find out in today's newsletter and follow Finshots for more!
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