Surprisingly this EDP report identifies many purchases in Norfolk using this "legal" tax loophole. The benefits, its says include "bringing urban renewal, improvement to local amenities and new jobs". There is an area of land identified in Suton as well. On the map, the Spooner Row one is described as "Land lying to the west of Bunwell Road, Spooner Row, Proprietor Northshore Property Limited, British Virgin Islands." What is our MP doing about this? I thought the Government was clamping down on methods which allow some to dodge paying proper taxes with overseas interests.
So according to them, we can all look forward to enjoying them bringing the urban renewal back to Spooner Row with improved local amenities and jobs to an area that has always been rural in the middle of the countryside! - Joke! This is, so not on!
If, and I repeat if, the Bunwell Road development is the same plot that is owned by the wealthy off-shore tax haven, then it is very interesting that this development was granted its planning permission so easily particularly when it was not included in the South Norfolk Local Plan and before the lack of 5-year housing land became an issue. It seems that everything the developer wants it gets, like the latest number of houses on that plot is 26. It was 20 houses, then unusually went to 8, now it's 26 (it could be more as the locals don't really know what is going on).
The implications of this, and I use the word very carefully because we have no proof whatsoever, is that someone who is funding this development has an off shore Tax free account and too much money which they want to hang onto , much like Government ministers and ex PM's apparently used to have.
One suspects that our MP will all of a sudden be very busy, and not have time look in to this but as it is legal ........ no case to answer.
What proportion of the 26 new houses on the Bunwell Road estate is allocated as affordable housing? Will they mainly be expensive, high profit making dwellings?
I can sort of help here. We await the details but for BOTH sites the proposed total was 13 /39 houses, most of which ( all except 1 ?) will be at the Chapel road site. However no final application has yet been received so until that time....
outline permission was for 33 houses on both sites so this has changed to 39 if approved
Don't you think it's odd that of the two sites which are operating together, only one is owned by a tax avoiding developer? I suspect the land in question here is not the new estate currently under construction. Is there any other land /tax avoiders in that area?
A search on both Land Registry and Companies House reveals that the land at Bunwell Road where the houses are being built and the Chapel Road site are UK owned. Both are owned by J Alston & Sons Ltd who are based in Wymondham. The developer, Glenacre Homes Ltd is based in Norwich. The main building contractor for the site, E N Suiter & Sons Ltd is based in Kings Lynn. So far from being an off shore tax fiddle, this is in fact very much a Norfolk based operation and therefore I am sure all UK taxes will be paid. Furthermore, the post code for the Bunwell Road site comes up as NR18 9LQ and not NR18 9LH and the land lies to the east of Bunwell Road and not the west. I have not checked the ownership all of the properties that come under the NR18 9LH postcode, of which there are many. This may be potential development land or it may simply be an existing house.
