First, many cities have laws against non-resident owning property. I think the practical & pragmatical details of such regulations have been sorted out for a long time.
Secondly, it’s very easy: Demand that they register as taxpaying residents and file tax returns in the UK.
Easier to track, at least. Can non-nationals start UK corporations?
Are corporations people in the U.K.?
Does that really work in the UK? That would be surprisingly easy.
Here in Germany, if you have living space that is factually available to you, then all your world-wide income becomes taxable. What exactly that means depends on possible double taxation agreements.
I dunno but I’m sure when we’re speaking of million dollar+ properties that they can find a UK resident to be in the corporation as a legal fig leaf. That kind of thing happens all the time (see Japan or Thailand).
At least EU citizens certainly can. Some years ago nominally British Ltds were a bit of a fad among German small businesses. The biggest reason was that unlike in Germany at the time there was basically no minimum capital requirement for limited liability. My dad had one for a while and he didn’t even even set foot into the UK for that.
Yep. This is why the wealthy have been doing REALLY well in the “recovery” and the rest of us not so much. Cheap money has led to even greater degrees of wealth concentration.
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