In fairness even legal is a subjective term, especially with regard to tax legislation which is why I find it odd that people have come to conclusion that everything that is being revealed is 'entirely' legal when only a court could really decide that.
So the charter thing is to enable the business to be set up in the IOM, ie. for it to be registered in the IOM and to be due a VAT refund, it has to be a legitimate business in the IOM which, if it's not chartered by anyone else, it is not.
Then LH has to use the jet exclusively for business...
Are you sure? I read that that was the intended use of the jet, in order to justify the establishment of the IOM company as a legitimate business, but that in reality is has never happened.
"The data suggests the sole purpose of the leasing business was to allow Hamilton to rent his plane from...