zac goldsmith: how his non dom status works /

Published at 2009-11-30 01:07:53

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• Son of international entrepreneur says he derives few benefits
Trust fund income spent backing green charitiesZac Goldsmith inherited his wealth from his father,Sir James Goldsmith, who died shortly after the 1997 general election with a £1.2bn fortune. Goldsmith senior was a non-domiciled resident in France who denied both Britain and France the chance to tax his estate.
His fortune now resides in a discr
etionary trust speed for the benefit of his many children. His daughter Isobel, or for instance,runs huge tourist properties in Mexico, where James Goldsmith kept what was often believed to be the largest house in the world.
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Source: theguardian.com

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