best tax haven to avoid cgt without living there?
Discussion
pimping said:
As the title states i am speculating on shares and am hoping they will be worth alot in the future.
I am not looking at leaving the uk but am wondering if there are legal ways to avoid cgt.
Keep you annual gains under £10,100.I am not looking at leaving the uk but am wondering if there are legal ways to avoid cgt.
Have the shares in joint names - with your spouse.
there are investment wrappers that you can set up to purchase these sort of investments that are descrete to the tax man but it is difficult to set up when UK domicile i understand.
otherwise you could set up a bearer bond company in the Maldives or Dutch Antillies and buy shares in the comnpanies name.
otherwise you could set up a bearer bond company in the Maldives or Dutch Antillies and buy shares in the comnpanies name.
pimping said:
Bingo about as unhelpful a post i have ever had. Many thanks for the input.
he's just grumpy because he has forgotten the secret password for his numbered swiss account and frustrated that he may loose all his hoarded nazi gold and Emelda Marcos' collection of Jimmy Choo's!!!pimping said:
Bingo about as unhelpful a post i have ever had. Many thanks for the input.
You're welcome, it was about the most pointless post I have ever responded to. If you live in the UK, you cannot benefit from offshore tax havens. So I was 100% correct. If you don't want people to point out how stupid you are, it's best not to post.HTH
Bing o said:
pimping said:
Bingo about as unhelpful a post i have ever had. Many thanks for the input.
You're welcome, it was about the most pointless post I have ever responded to. If you live in the UK, you cannot benefit from offshore tax havens. So I was 100% correct. If you don't want people to point out how stupid you are, it's best not to post.HTH
Bing o said:
You're welcome, it was about the most pointless post I have ever responded to. If you live in the UK, you cannot benefit from offshore tax havens. So I was 100% correct. If you don't want people to point out how stupid you are, it's best not to post.
HTH
Ph has been a source of helpful friendly advice many times for me. With lots of witty banter thrown in for good measure too. You are the first keyboard warrior i have come across on ph.HTH
I feel sorry for your mother.
As has been said, if you are a UK resident/domiciled you are liable for your worldwide income, which includes capital gains. You can use the tax avoidance measures using tax wrappers such as a SIPP and ISAs (bearing in mind you can't withdraw funds from a SIPP until "retirement" age). Or you can use tax evasion and....risk prison....
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