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We are born, in time we pay our taxes and then we die. OK, in between I guess we have some good times as well and hopefully we amass a little something for our old age and also to leave behind for our loved ones…
I know that as investors we need to concentrate on all the angles, and Inheritance Tax is a big issue. I would love to learn a little more about what people are doing to avoid / minimise this.
With some regret, I am considering looking abroad as a “base-camp shelter” for assets: my preference being to stay in the UK. Comments?
Regards, Malik
PS. http://www.sky.com/skynews/article/0,,30400-13458526,00.html
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Sorry, That URL should read:
http://www.sky.com/skynews/article/0,,30400-13458526,00.html
Regards, Malik |
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Sorry again, the URL does not hyperlink for some reason and so you will have to just copy and paste rather than using the simple "click"... |
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Take a look at Portugal as there is no Inheritance Tax. You could buy there and leave this to your loved one tax free.As long as the money does not come back into the UK.
Alex M Oakhill Mortgages |
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alex,
thats pretty interesting - so would you need to live there all year round or just part of the year?
thanks,
tom |
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Hi Tom, not sure. Ive recently done a few mortgages for a top guy in London who's profesion is within the legal industry specialising in property.
Ive done some mortgages for him and a few for his client's he has just brought and renovated a property in Portugal and does spend time out there, ill ask him the question.
Let you know soon
Alex M |
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Tom you beat me to the magic question: does one have to live out-there...!
Looking forward to the answer Alex, thanks!
Regards, Malik |
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Hello there,
Yes you would be required to stay out of the country for 5 tax years. However, we are experts in structuring your affairs so that you can stay in this country and still pay no Capital Gains or Income Tax. Fantastic arrangement if you are burdened by CGT & IHT
Kind regards
Ian |
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who tracks what country you are in? i didn't think the UK could?
unless your name's got a ring to it, like Gary Glitter or something (!) |
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ian,
are you an accountant? who do you work for?
pls email me at tomharwood88@hotmail.com
thanks,
tom |
