X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Buy-to-Let

    Investing in Offshore

    I have been told I can invest offshore

    1 No Income Tax

    2 No CGT

    3 Not a lot of hassle

    4 Very easy to set up with low fees

    5 Tax Free Income even if resident in UK

    6 Has advantage's for IHT

    Is it too good to be true ? What do others think

    Oh yes and I can invest in UK Property if that's what you want ???

    0
    0

    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Uh oh. They dont want bond money from you by any chance ?

    0
    0

    https://www.bdo.co.uk/en-gb/insights/tax...k-property

    Dont want to go through it all as while i am an accountant not an offshore tax specialist

    0
    0

    Sounds like an off shore bond to me.

    if so it is not tax free, it is tax deferred,which means tax, income and or capital gains, are applied when the money is repatriated rather than immediately. All the gains, if any, are calculated when the bond is finally encashed..

    these plans can be usefull for a higher rate tax payer who anticipates being in a lower tax bracket a few years down the line, so that any “ gains” are taxed at a lower rate.

    it is possible to take an “ income” from the plan without tax liability, as 5% per annum is classed as return of capital not income.

    I was an I F A but now out of date, so all my cloudy memory, so do your own research.

    0
    0

    It's always been my understanding that offshore property should not be viewed as a serious investment, but more of something speculative, in other words a gamble.

    0
    0

    It is just growing tax free and when you redeem it you will be taxed. Lots of these investment schemes around. They key is to look at the underlying investment and then look at the fees being charged. If its a mismatch there is a catch.

    0
    0

    Chartered Accountant, Tax Advisor and Mortgage broker

    (and BTL portfolio owner)

    stuart@johnsonsca.com

    02039077022


    Hi guys

    I put this on today for a bit of fun to see what reaction I would get

    the bottom line is everything I out lined as    Advantages can be obtained via a SIPP

    today in the uk

    it proves to me the word pension is a huge turn off to investor s

    but they can have a place if you have the income to fund a SiPP


    0
    1

    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.