Sir Mark Thatcher looks for a tax haven home in Gibraltar
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Sir Mark Thatcher, son of the former prime minister Baronesss Thatcher, is planning to become a tax exile in Gibraltar where he could pay only £20,000 a year on his £64m fortune.
According to The Sunday Times, he has consulted tax experts and is now househunting for a £1m penthouse on the Rock.
Sir Mark, who inherited his baronetcy from Sir Denis Thatcher, pleaded guilty in South Africa last year to helping to pay for a military helicopter that was to be used by mercenaries in an attempted coup. He was fined £265,000 and given a four-year suspended sentence. But the Gibraltar government disclosed last week that his criminal conviction would not be a bar to residency. Britons can apply under a new status designed to attract the super-rich and help the dependency compete with places like Monaco, traditionally the preferred location for tax exiles.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments