The number of high-end British homes owned through offshore companies has fallen by more than a fifth since 2013, following a government crackdown on opaque ownership structures.
Recent figures published by the tax authorities and analysed by LCP, a real estate group, show that the number of homes in the UK valued at more than £2m and held in offshore companies has fallen to 3,100 properties, a decline of 22% since 2013, when new tax rules came into force.
Wealthy foreign property owners have traditionally held property through offshore structures to protect their privacy and reduce their inheritance tax bills.
