I recently helped both my daughters with their first step onto the property ladder. One in central London, the other not very far out. Both were new developments were existing old property was demolished and replaced with new blocks of 10-20 very expensive flats. I would very roughly estimate development profits at least £4 million.
In both cases the builder/developer had an address in a tax haven.
I am curious why this should be, is it as widespread as my above limited experience suggests and if so, is any UK tax income being lost.
Any thoughts before I ask Chanel 4 to investigate.