Re:London’s Great Exodus
by alextingle on Monday October 14, 2013 @07:54AM
(#6546677)
I've often wondered how that works. Yes, obviously you can avoid stamp duty that way, but then you're in to "living in company property" area - and that's taxed as a benefit in lieu of income, which would be much more than just paying the stamp duty.
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If you're being paid partially in kind, then the Inland Revenue expects to receive it's cut no matter what shape that income takes.
However, if you're not being paid to live there in return for some service there's no employment contract and no income tax to pay. At least that's my understanding of the situation.