The Indian heiress and her husband, Chancellor Rishi Sunak, have a real estate portfolio of four homes worth about 15 15 million – including a penthouse in LA overlooking the Baywatch beach. The couple, who were married in a lavish two-day ceremony in India in 2009 and have two children, live mainly in an apartment off Downing Street 10, but also own two other properties in the capital and a 2 2m Georgian mansion in Yorkshire. . Mertie, 42, owns 6 690 million worth of shares in Infosys, the IT giant founded by her billionaire father. This makes her much richer than the queen, who has about 365 million pounds. Akshata Murty with her husband, Rishi Sunak, and their children. Photo: https://www.rishisunak.com/about-me It was revealed this week that, despite living in the UK for the past nine years, Murty is claiming non-resident status, allowing her to avoid paying tax in the UK on the £ 11.5 million a year she receives as a dividend from foreign property. The use of the “non-dom” system – which is also used by the most authoritative Russian oligarch Roman Abramovich and the owner of the Daily Mail, Lord Rothermere – has prevented Murty from paying around 20 20 million in tax due on Dividends of 54 54 million he has earned in the last seven and a half years if he decides to pay the British tax in full. Her spokesman suggested that Murty, as an Indian citizen, had no choice but to “be treated as a non-resident for UK tax purposes”. However, all UK residents must actively apply for non-resident status by submitting State Tax Form SA109 to claim tax relief. Merti also pays an 30 30,000 “annual charge” to the Treasury for the right to maintain her status outside the home beyond a seven-year cut-off period. The non-resident status, first introduced by King George III in 1799, is legal and can be used to avoid paying tax in the UK on foreign rental income and bank interest, as well as foreign dividends and tax. heritage. Non-domes can live in the UK all year round. UK tax rules are set by Murty’s husband, the chancellor. In his spring statement last month, Sunak raised the tax burden on British taxpayers to the highest level since the 1940s, even as the population faces the greatest pressure on living standards ever recorded. The Resolution Foundation think tank suggested that the Sunak package would push 1.3 million people, including 500,000 children, into poverty. Before moving to Downing Street – when Sunak was appointed chancellor in 2020 – their main residence was a five-bedroom house in Kensington. The property, which they bought in 2010 for £ 4.5 million, is now estimated by real estate agents to be worth more than 7 7 million. They also have an apartment on nearby Old Brompton Road, which is said to be used by family and friends when they come to visit. In the picturesque village of Kirby Sigston in North Yorkshire, the couple owns a second-class listed Georgian mansion valued at 2 2 million. The house, which was bought for 1,5 1.5 million before Sunak became a member of the Richmond County (Yorks) constituency, is under development 250 250,000 to add an indoor pool, hot tub, tennis club and gym. Both Murty and Sunak are fitness enthusiasts who have talked about training before dawn every day. The couple were given design permits last year for a single-story L-shaped building in a lakefront yard at their Yorkshire home of 12 acres near Northallerton. The building project includes an indoor pool 40 feet by 16 feet, changing room, hot tub and ballroom with mirror wall. The building is to be covered with local stone and covered with a Welsh slate roof to look like “a stone-built ancillary building that has been renovated and modified”. However, at last year’s design meeting, consultant John Noone said: “It does not look like a farm building, it looks like a fairly large bungalow. “I think it really has an impact on the scenery of the mansion grade II. When we went on the site visit, you could clearly see the mansion from where we were.” In California, where Murty and Sunak met, he has a $ 7.2 million (,5 5.5 million) penthouse apartment that offers stunning views of Santa Monica’s world-famous pier and the Pacific Ocean. Real estate agents for the six-story building, built in 2013, boast that the penthouse has “large private outdoor terraces that do not look like anything he has ever seen on Ocean Avenue.” The Waverly Complex on Ocean Avenue, Santa Monica. Photo: https://oceanaveliving.com/building-page/1705-ocean-ave-santa-monica-the-waverly/ The residents of the Waverly complex on Ocean Avenue are promised “the epitome of urban life on the beach of Santa Monica” with “stunning views of Mount Santa Monica”, where “you wake up to the sound of the waves crashing on the shore”. The building, designed by KTGY architects and with interiors by LA Marmol Radziner designers, offers a 24-hour concierge and a gym “with the latest equipment for those who want to improve their cardiovascular or muscular endurance”. There is even a “pet spa” where “residents’ furry companions can be groomed”. Born in India, Murty spent most of her adolescence and 20s in Los Angeles. He attended the city’s private liberal Claremont McKenna College, where he studied economics and French before moving to the Fashion Institute of Design and Merchandising. He worked for Deloitte and Unilever before studying for an MBA at Stanford University. At Stanford he met Sunak, who had won a famous Fulbright Scholarship. Within four years, they were married in a two-day ceremony in Bangalore attended by members of the cricket team, including Indian spinner Anil Kumble and the family of Rahul Dravid, the former leader of the national cricket team. Her father, NR Narayana Murthy, the billionaire founder of Infosys, said he was “a little sad and jealous” when Akshata first spoke to him about her new partner. “But when I met Risi and found that he was everything you described – brilliant, handsome and, most importantly, honest – I understood why you let your heart be stolen.” Subscribe to the daily Business Today email or follow the Guardian Business on Twitter at @BusinessDesk In addition to Infosys’ stake, the couple also owns London-based Catamaran Ventures UK, which invests in start-ups “with a view to raising capital and distributing income”. Sunak transferred her shares to her shortly before she entered parliament and is now the sole owner. He has a stake in at least six other UK companies, including New & Lingwood, which counts Etonians for their tailcoats and sells silk robes for 2.5 2,500 each. Murtyhas also owns shares in a UK-based company that manages Jamie Oliver’s Pizzeria, Jamie’s Italian and Wendy’s stores in India, the Koru Kids nanny agency and the Digme Fitness manager, where she is the director. Both New & Lingwood and Digme licensed staff during the pandemic. Soroco, a software company co-founded by her brother, cites Murty as its arm manager in the UK.
