George Osborne ‘personally benefited’ from £6m property sale to tax-dodging company

Remember this?

Remember this?

Perhaps this is why George Osborne refused to answer questions about his involvement in tax avoidance:

Chancellor George Osborne, who owns a 15% stake in his family’s business Osborne & Little Group Ltd, ‘personally benefited’ from the sale of £6m worth of property to a company based in the British Virgin Islands – a well-known tax haven.

First reported following an investigation by Channel 4 News in 2015, Osborne & Little Ltd teamed up with a company called Nightingale Mews Inc. to redevelop the site of its former headquarters.

Both companies jointly applied for planning permission, and once they were given the green light, Osborne & Little sold their site to the offshore firm for £6,088,000.

At this point in time in 2005, the soon-to-be Chancellor of the Exchequer was the beneficiary of a trust that owned at least a 15% stake in the family-run business, and so George Osborne would have ‘personally benefited’ from a chunk of this £6m windfall.

Source: George Osborne ‘personally benefited’ from £6m property sale to tax-dodging company | EvolvePolitics

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16 thoughts on “George Osborne ‘personally benefited’ from £6m property sale to tax-dodging company

  1. NMac

    Doesn’t Gideon Osborne have a previous record of tax dodging? I have in mind that this was one of the allegations levelled at him during the expenses scandal.

      1. Mike Sivier Post author

        Facts and the law are vital to me. Facts must be accurate and the law must be fair.
        You don’t seem to understand either of those points.

      2. Stephen Mellor

        The law says it’s perfectly legal to hold accounts offshore.

        The law also says you must pay tax on the income.

        Cameron appears to have done both.

        Therefore he has done nothing illegal, and has no case to answer.

        Those are the facts.

      3. Mike Sivier Post author

        You are deliberately avoiding the point:

        Cameron makes the law.

        He has deliberately used his position as prime minister, not for the good of the United Kingdom, but for his own personal profit.

        That is why he must go. Osborne too.

  2. shawn

    Great piece Mike, Great graphic. It’s usually the unplanned and uncontrollable event that brings down (or swings public opinion away from people/policies) that catch those with as much over the media as these self-serving club Eton elitists.

  3. David

    Osborne has been all talk and no action about tax-dodging for years. To clamp down on tax dodging would not be in his, or the tories’ interest. Many tax dodgers donate to tory funds, so why kill the goose which lays the golden egg?

  4. Brian

    What would someone with a tax-free windfall and money sloshing around prudently do, well most may turn to property, after all, you can always limit house building to keep the value of your investment up. Perhaps this was a period of fund repatriation recorded by the land registrary.

  5. Dez

    Well done Georgy boy…..glad to confirm we are all in it together….leading by example. Pity about the stench arising from this Countrys Etonian leadership…or was that just essence of pig aftershave….

  6. hayfords

    This is stretching the story somewhat. It is a bit like selling your house or car and the person who buys it has offshore interests.

Comments are closed.