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Oxford Ruled
Could Ed Miliband benefit as a result of tax rules?
Many people make an effort to engage in asset protection and tax planning and it has been argued that, should Ed Miliband adopt such behaviour, he could stand to reap significant rewards.
The Labour politician currently resides in a home based in north London that is said to be worth around £1.6 million.
According to the Daily Telegraph, he was able to purchase the residence thanks to a "series of shrewd moves in the housing market".
Obviously, if the Oxford Graduate was to put his home on the market, he would be likely to achieve a significant financial boost.
However, it has been suggested that thanks to his marital status, he could take advantage of tax rules to get even more cash.
Currently, the MP lives with his girlfriend Justine Thornton, which whom he has one child and another on the way.
Because they have not tied the knot, each of the pair would be able to nominate different properties as their primary residences and so legitimately avoid capital gains tax if one of them was sold.
However, a spokesperson for Mr Miliband suggested that neither one of the couple have any intention of doing this.
He stated: "Ed and Justine have always paid all and any taxes they were liable for. When they moved into their home together, they did so by selling their respective flats.
"Each of these flats were primary residences, as you would expect them to be. Ed and Justine enjoy independent careers and they have never sought to benefit financially from their unmarried status."
Many consumers around the UK will be seeking to engage in effective asset protection and tax planning at present in order to ensure they keep their finances in good order despite the economic pressure being felt as a result of the recession.
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Best MBA programs with supply chain and international business specialization?
What are some of the best European MBA programs that give students the necessary education and skill sets to move into international business and supply chain |& procurement? I have done alot of research already on Financial Times, Wall Street, Business Week, and The Economist but cannot locate any info on programs that have concentrations/excellence in supply chain.
Because of their cost, we have ruled out IMD, Insead, Cambridge, IE, IESE, Oxford. Brand name (to European firms especially) with a great campus recruiting program is a must. Where should we be looking at?
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Sun Hotel Tour 2 - Day 11 - Oxford, PA