Balance of payments

Hans and wife Marit: · Wadhurst Park, East Sussex.
Purchase price unknown. Spending on improvements includes:

· Reconstruction of main house £1.4m;

· New wing for guests £850,000;

· Indoor swimming pool and sauna £800,000;

· Verandah with retractable blind £220,000;

· Barn conversion £200,000;

· Conservatory £150,000;

· Play area for grandchildren £25,000

Plus:

New copper roof on the main house; converted old coach house for family visitors; converted barn; constructed a hot house, a cool house and a conservatory; converted riding school into a new house for their security man; built stables and a tack room, new house for their estate manager; a workshop; a chiller room; and converted old farm yard into a tea room with toilets.

Lisbet:

· Terrace of three houses, Holland Park, London £2.5m

· 380-acre east Sussex estate £1.25m Improvements: £1.3m

· 48,000-acre Highland estate, near Fort William £3.37m Improvements: £13.72m

Sigrid:

· Mansion, Holland Park, London £20m (estimate) Improvements £4m (estimate)

· 40,000-acre Highland estate, near Inverness £8m

Other London properties:

Six-storey house, Knightsbridge, home of Hans Kristian (Hans's son); Chelsea flat Hans' London base; 39 Sloane Street family secretariat office

How the richest man in Britain dealt with the Treasury (all figures relate to the tax year 1998/99)


1. What he owed the tax man on:

· Income held in the rest of the world Zero

· Capital gains held in the rest of the world Zero

· Three UK businesses Zero

· Income and gains brought into the UK £256,062.03

2. What he deducted from this tax bill for:

· Losses at his deer farm £64,612.28

· Overpayment previous year £41,941.65

Total deductions: £106,553.93

3. What he paid the tax man (Subtract 2 from 1): £149,508.10

4. What he claimed back from the Treasury:

· Farming grants £136,158.71

· VAT refunds at farms £83,543.77

Total claims: £219,702.48

5. Effective surplus: (Subtract 3 from 4) £70,194.38