October 04, 2021 Tony and Cherie Blair avoided paying £312,000 in tax on the purchase of a London property by acquiring an offshore company, according to a trove of leaked documents.
The former prime minister and his wife bought the £6.45m townhouse on Harcourt Street, Marylebone, in 2017 as an office for her legal advisory firm Omnia and her foundation for women.
The manner of the deal allowed the Blairs to avoid having to pay stamp duty, as the tax is not paid when the holding company of a property is acquired rather than the building directly.
There is no suggestion the Blairs actively tried to avoid paying the tax and the transaction was not illegal.
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2021/10/04
Blairs avoided £300,000 tax bill on London house
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