Does the UK Conservative Party know to whom they are paying rent?
Amidst all the press coverage of the student demonstration in London on Wednesday, one small question was niggling me as I watched the windows being smashed in Millbank Tower. Whose windows? Who owns Millbank Tower?And the answer?
A 2 minute search of the Land Registry turned up Title Number NGL886677 together with a plan which reveals that the 21-24 Millbank and 25 and 30 Millbank are owned by Basio Holdings Ltd. of 1 Palm Chambers No. 3, PO Box 3152, Road Town, Tortola, British Virgin Islands.
So the Conservative Party (who rent offices in No. 30) are paying rent to a company in the British Virgin Islands. I hope they are aware of the Non-Resident Landlords Scheme.
Well done that blogger. We think the world needs to know more about this arrangement. The FT says it belongs to the Reuben brothers, two property tycoons who made their fortune in Russian aluminium during the chaotic 1990s. Could be.
(Separately, the Land Matters blog has also published a Land Value Tax proposal for Scotland.)