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Goldsmith estate hit by Budget

Goldsmith estate hit by Budget
Conservative MP Zac Goldsmith will see his property fall victim to a crackdown on stamp duty avoidance announced by the Chancellor in his Budget on Wednesday. Mr Goldsmith owns a £7m, 543-acre Devon estate through a Cayman Islands company called Ranger Investments and also owns a £7.7m home in Richmond bought in 2007 via a Cayman Islands-based company called Holmead Investments Ltd. On Wednesday, Mr Osborne said he believed those who evaded or avoided tax were "morally repugnant".

Green Box: Goldsmith estate hit by BudgetClick to open

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