HSBC is being investigated over a £134m 'tax evasion' scheme created by the bank, The Times has revealed.
Three former employees at the bank's London office have been interviewed under caution for their role in devising a tax scheme that sought to help wealthy backers save millions of pounds in tax.
HSBC has earned fees of around £2m for licensing the scheme, which involved the sale of film rights to the finance company Zeus Partners in 2008.
City bankers and financial advisers who had previously been charged with cheating the public revenue, an offence that can lead to lengthy custodial sentences.
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The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
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