• Today
    August 03

  • 08:08 PM

Composer wins tax fight over Four Seasons

MARIA BRADSHAW, mariabradshaw@nationnews.com

Added 05 January 2020


Several celebrities invested millions of dollars in Four Seasons Barbados. (FILE)

At least one of the 14 villa owners who invested millions of dollars in the failed Four Seasons Barbados project will be able to claim capital gains tax losses in England on their investment.

Judge John Brooks recently told the tax tribunal in London that Baron Andrew Lloyd-Webber, 71, and his wife Madeline, 57, should be credited for the “real loss” they suffered when they forked out as much as 20 million pounds for two villas.

Lord Webber, a famous composer and impresario had paid a deposit of eight million pounds upfront for the properties, one of which was being sold for nearly £10 (£1 = BDS$2.61) million and the other for more than £7 million.

When they first made claims for capital gains tax losses, the HM Revenue and Customs disallowed the claims and the couple filed an appeal. (MB)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android. 


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Is enough done to mark Emancipation Day in Barbados?