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West Ham owner David Sullivan - the 75 year old who made his fortune with adult magazine and the Daily Sport - has been in the news claiming that the incoming crackdown on non-doms (those who’s permanent home is outside the UK for tax purposes), is affecting the high-end of the London market.
Such is the problem that he’s had to take £10 million off the original £75 million asking price for his famous Marylebone property. He bought it for £27m in 2015 from property developer Edward Davenport, and spent £50m renovating it. “I’m selling it at a loss now, but you have to be realistic,” Sullivan told Bloomberg, “What the government is doing to the non-doms isn’t very nice, and a lot of rich people are leaving the country as a results of what they anticipate in the budget.”