World & BusinessLabour MPs call to close stamp duty loophole
The Financial Times reports that billionaire Suneil Setiya saved £18m in tax after buying five flats together with a London mansion.
TLDR
The Financial Times reports that Labour MPs want to close a loophole that reduced billionaire Suneil Setiya’s tax bill by £18m. Setiya, of Quadrature Capital, would have faced a higher stamp duty rate had he not bought five flats together with a London mansion, the FT says.
Labour MPs call to close stamp duty loophole
The Financial Times reports that billionaire Suneil Setiya saved £18m in tax after buying five flats together with a London mansion.
TLDR
The Financial Times reports that Labour MPs want to close a loophole that reduced billionaire Suneil Setiya’s tax bill by £18m. Setiya, of Quadrature Capital, would have faced a higher stamp duty rate had he not bought five flats together with a London mansion, the FT says.