Nov 20, 2019
The Bishops Avenue, a street in North London, is known for its celebrity connections and sky-high property prices, even though many are crumbling.
Some are bright and gleaming, bustling palaces for celebrities and the 1%. Others are derelict hulks, falling apart while somehow maintaining enormous valuations in London's swollen luxury property market.
The street is also a monument to the avoidance of tax. Most houses on it have a tax-efficient ownership structure that epitomizes what many say is an unjust system shielding the wealthiest from contributing their fair share.