Richard Tice has been accused of being “in it for himself” after reports claim he avoided nearly £600,000 in corporation tax. The deputy leader of Reform UK allegedly channelled dividends from his property company into other structures, like an offshore trust and a set of dormant businesses, between 2018 and 2021. Allegedly, his firm Quidnet Reit Ltd – with net assets worth £33 million – paid nothing in corporation tax on its multimillion-pounds profits during that period. Tice listed his company on the Guernsey stock exchange and applied for it become a real estate investment trust (Reit), a corporate structure with rules administered by HMRC. There are approximately 170 firms with Reit status. They do not pay corporation tax, and instead issue dividends to shareholders, who are then taxed individually. A legal quirk meant Quidnet did not pay tax for a three-year grace period, even though it did not qualify to be a Reit company. According to The Sunday Times, Tice was still personally liable to pay tax on the dividends, but his company’s ownership …