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Corporate property; Backdated VAT; The old and the new; Splitting title
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Corporate property
Liabilities that might arise on a corporate change of residence
We act on behalf of a UK-resident company. The sole shareholder is a Uruguayan national who is not resident in the UK. The company’s only asset is a property on Sardinia which has been let in recent years with expenditure exceeding income.
The accounting records are maintained by lawyers in Liechtenstein two of whom are directors of the company along with the writer of this query.
The shareholder wishes...
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