There was an interesting report in the news this week about a tax-exile millionaire sued by the revenue for taxes because they argued that with all his holdings in the UK he hadn't really left the country, even though he was complying with the rule that he only visited the UK for the requisite 91 days or fewer each year and for the rest of the year lived abroad.
The revenue won their case although it has now gone to appeal in a higher court. Whether owning a football club in this country would be classed as having enough holdings in the UK to disqualify one's tax-exile status I don't know, but it could be another reason why Cuddly Ken, knowing this case was going on, was quick to say that of course he didn't own Leeds United but was just looking after it for a friend. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist www.leedslist.net
