26-07-2016, 14:33
(21-06-2016, 00:20)Beefy 1965 Wrote: Interesting twist ?
http://c.newsnow.co.uk/A/836179205?-11200:789:0
Quote from: baggie96
Today at 10:54:32 PM
Daily mail saying we want Roger Burden from FA as chairman if the Chinese sale goes through. There's no way they could make that up surely? I think something is closer than is being let on here
I've said it in here previously. JP has undertaken "classic" tax planning of going non-resident (to Jersey) before the 5 April year end, in order to make a potentially tax-free capital gain in this current tax year (although he needs to spend 5 years resident abroad). Given that his only real income source is from the club, with his financial profile it is the ONLY reason why he would have moved to Jersey.
A sale is clearly imminent, although of course it could fall through in which case JP can return to England and go abroad again next March to try again.
I did hear from a mate in Jersey that JP did in fact do exactly the same thing last year, and the anticipate Chinese deal fell through. He seemingly bought his Jersey house well over a year ago.
Nothing is certain, but I'd say a sale this summer is a probability.
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Believe it or believe it not, a lot of people would like to live in Jersey, and not because of tax reasons, as these loop holes have been clamped on a great deal of late. Also they are not in the EU.
This is now five weeks on from this post, and nothing still has happened, so not two/three weeks. Best to forget it until it happens me thinks! haha