Tax shelters: your questions answered
Article Abstract:
Offshore investments may not be suitable for investors living in the United Kingdom. They cannot escape tax unless they have lived overseas for a long period. There are a number of assets held in the United Kingdom that are exempt from capital gains tax, such as private cars and venture capital trusts. Offshore trusts can be expensive to set up and run, so there are advantages to first using tax shelters available without going offshore. Tax payments can be delayed by using offshore trusts, and this can benefit higher-rate taxpayers who later drop to a lower tax band.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Tunnel vision
Article Abstract:
United Kingdom personal equity plans (Peps) cannot be used for new investments, but investors can retain their existing Peps. Investors can use their Peps for capital growth or to obtain an income, or for a mix of the two. Peps should not be encashed first since new investments are not permitted. Plans can be invested with existing managers, or transferred to new managers with tax advantages retained. Pep portolios can also be set up, offering flexibility.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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