Haidar said he was sad to be leaving London, a city that he has called home for more than a decade, but said he had to leave to save his four children the risk of paying inheritance tax on his fortune.
“We love London, we love the lifestyle,” he said. “We love everything about it, and we’re gutted that we have to go, but we have to think of our future, and the future of our children. With such a punitive tax system [now in the UK], for the protection of their future wealth it makes a lot of sense for them to leave and for us to leave.”
What I won't ever be able to understand is that he has already amassed a fortune, one which he'll be hard pressed ever to be able to spend yet he's willing to jeopardise the happiness of his family and their lifestyle in order to save money. Inheritance Tax can be dodged as long as good planning is in place and that he doesn't suddenly pass away but he still puts the possibility of saving tax in front of family/happiness.