Sunday, April 10, 2016

"Panama Papers": just asking...

In how many ways could a UK resident receive money from an offshore trust without having to declare it on his income tax return?

If a UK resident has to pay tax on income or capital gains from an offshore trust, what would be the point of having set it up in the first place?


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

2 comments:

A K Haart said...

Should we ask an IFA?

Sackerson said...

I'd have to dig out the exam crap I studied. My real work wasn't about these spoiled children.