“A GREEN party activist has labelled Lord Bathurst a hypocrite for not paying Capital Gains Tax while collecting almost £370,000 in farming subsidies.
Bob Irving, who stood for the party in district elections on May 7, said he was “mostly ambivalent” about the 2,350 home Chesterton development planned by Bathurst Development Limited but felt it was unfair the land was not subject to UK tax laws.
Lord Bathurst is set to make millions from the Chesterton development if it goes ahead, but the land is registered in Bermuda and so he does not have to pay the government tax on assets. …
… A spokesman for Bathurst Development Limited said: “The majority of The Earl Bathurst’s estate is managed in trust for future generations. In 1996, as part of the ongoing management of the estate’s assets, the trustees transferred the land at Chesterton into an offshore trust.”
East Devon Watch 