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. Last Updated: 07/27/2016

Abramovich Registers Homes in U.K.

Roman Abramovich has switched the ownership of part of his £60 million ($121 million) British property portfolio from Caribbean-based offshore companies to his own name, The Daily Telegraph said Tuesday.

The move could leave Abramovich open to capital gains tax claims from British authorities, the newspaper said.

Abramovich's properties in Britain include six flats in Lowndes Square in the exclusive London district of Knightsbridge worth £17.4 million. He also owns a £9.3 million house in the Belgravia district of London, and a £20 million country estate in Sussex, south of London.

Abramovich transferred his main £10 million Lowndes Square residence and the country mansion from offshore companies to his own name, the report said.

A spokesman for Abramovich declined to comment on the businessman's property or on speculation that this was the first step in a move to Britain.

"Abramovich has made it clear in his previous public statements that he considers Moscow and Russia to be his home," Mann said.