The offshore company owns the house and nothing else. You just buy and sell the offshore company instead. But it still gets really complicated with extra stamp duty, complicated CGT and apparently there is some kind of additional tax on property owned by offshore companies (although not a huge amount).
Yeh isn't this what the Blair's got in the news via the Pandora papers for recently, buying a property in London that was in a offshore company but they were arguing that they weren't dodging stamp duty as they would incur capital gains
I think they also claimed that that was the only way of buying that property and they would sell it the usual way when they are done with it. Why they had to buy that property I'm not sure.
The offshore company owns the house and nothing else. You just buy and sell the offshore company instead. But it still gets really complicated with extra stamp duty, complicated CGT and apparently there is some kind of additional tax on property owned by offshore companies (although not a huge amount).
People are out there to help you manage your wealth. Bet they charge a decent fee and are worth it for the savings. Eg https://www.saffery.com/insights/publications/taxation-of-uk-residential-property/