THREAD - LAND, TAX, & OLIGARCHS
I remember being ridiculed by a senior SNP MSP for suggesting that the Small Business Bonus Scheme (SBBS) which provides 100% relief from local rates benefitted some very rich people. Well here’s an example. 1/7
I remember being ridiculed by a senior SNP MSP for suggesting that the Small Business Bonus Scheme (SBBS) which provides 100% relief from local rates benefitted some very rich people. Well here’s an example. 1/7
As highlighted in @ScotNational today, Vladimir Lisin is the beneficial owner of Aberuchill Estate. The estate is owned by Forestborne Ltd. registered in Tortola, British Virgin Islands. 2/7 thenational.scot/politics/19961…
Lisin is an oligarch who secured control of much of Russia’s metal industries and is worth c. £20 billion. The estate is managed by Aberuchill Management Ltd., a company registered in Scotland with its offices at Orchard Brae House, EDINBURGH. 3/7
Aberuchill Management Ltd. is controlled by Eledlo Trustees Ltd. as Trusees of the Eledlo Settlment whose address is 29A Annis Kommunis Street, Nicosia, Cyprus. 4/7
Cyprus is also the location of Fletcher Group Holdings Ltd., a company which owns Lisin’s shares in his metal companies, shipping companies, and utilities (incl the Russian Federal Grid Company), The registered office is in Flat 201 in this seaside building. 5/7 
Anyway, I digress. Aberuchill Management Ltd. is the occupier of Aberuchill Estate & received > £250,000 in agri & forestry subsidies from ScotGov in 2019-2020. The valuation of the sporting rights on the estate is £4300 after it appealed an initial valuation of £6000. 6/7
Thus an estate owned by one of the richest men in the world may be paying no local taxes at all (I don’t know if the company claims SBBS). meanwhile the local caravan park pays over £20,000 in non-domestic rates. This is why we need reform of land taxes. 7/7 ENDS
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