Fred Goodwin tax avoidance: Row over £3m home that could help him swerve huge tax bill | Mail Online
Disgraced banker Fred Goodwin is at the centre of a new row over the purchase through a trust of a £3.1 million home – which could allow him to avoid paying hundreds of thousands of pounds in tax.
Experts say the former RBS chief executive, who was last week stripped of his knighthood, may be exploiting a legal loophole that is often used to avoid stamp duty or reduce inheritance tax.
Official documents reveal that the six-bedroom mansion in Edinburgh is owned by Vindex Trustees Ltd, which is controlled by a law firm.
There is no mortgage listed for the property, suggesting it was bought for cash.
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