Does anyone know of any sites detailing ways of avoiding tax on investments

Is it true that starting an investment company to hold shares can deliver significant savings?

MY REACTION IS THAT IF YOU ARE ASKING TWO QUESTIONS OF THIS NATURE YOU SHOULD STAY MORE THAN A MILLION MILES AWAY FROM TAX AVOIDANCE

there are simple and logical and, in fact, a thousand ways to curtail the impact of taxation.

ironically it can be the case that , on occasions, the best net and/ or long term result is to face up to certain tax payments

simple tax planning is for those that have a nil knowledge or do not want to take any risk at all

more complex tax planning stratergies are either for those that broadly understand what is happening and are prepared to take a risk which they understand.....or are wealthy enough simply to take a risk

sadly someone like yourself will end up in the hands of a so called financial adviser who will take you for a ride and earn himself a load of commission in the process

many of these advisers recommend an investment bond where the commission can be 8%....thus 100,000 going in will give a commission of 8000.......and the work involved is so simple


such an adviser is not going to suggest other products where the commission may be either nil or just a few pounds


if you wish to put up any query...or any other viewer wants to put forward a query....i shall give a comment


it is very very difficult to gain good permanent independent financial advice

you will definately not get good advice from any financial adviser for two main reasons....

there is a heavy commission influence...but it is fair to say that a decent adviser will be reasonably fair with you

the main reason is that 99% of financial advisers are , under the FINANCIAL SERVICES REGULATIONS, ONLY ALLOWED TO SELECT FROM QUITE A NARROW RANGE OF TYPES OF INVESTMENTS. THUS QUITE USEFUL INVESTMENTS ARE NOT ALLOWED TO BE PUT FORWARD

APART FROM THE ABOVE IF THE INVESTMENT DOES NOT CREATE COMMISSION THEN IT MAY BE HIDDEN

IT IS ALWAYS BEST TO INQUIRE AROUND AS TO THE REPUTATION OF THE ADVISER AND THEN TO AGREE A FEE BASIS WITH NO COMMISSION IN THE PRODUCT COST

MAKE SURE THE ADVISER IS DEFINATELY INDEPENDENT.....AS NOW THERE ARE THREE CATEGORIES OF ADVISER SO THERE WILL BE A MUCH LESSER NUMBER OF REAL INDEPENDENTS. SOME WILL PRETEND TO BE INDEPENDENT

TAX AVOIDANCE!!!!!!!!!!

don`t earn any taxable returns - its easy- but I aint telling!!!!

Jimbo

an accountants take on this is that ultimately you have to be making big profits to cover the cost of most of these complicated schemes compared to the amount of tax you are saving. Ultimately there are some very simple rules to follow i.e use of isas, use of capital gains tax allowance (in both yours and spouses name) etc.

Ultimately there are very effective, legal ways of reducing your tax bill but most are only effective at the higher profit levels.

If you have anything in mind or want a taxation only (no investment) advice then drop me a mail

There are some straightforward ways of saving on CGT,
not mentioned above:-

- investments in AIM/OFEX companies are for CGT classed as unquoted
and attract CGT relief on gains of 50% after 1 year 75% after 2 years.

- a basic rate taxpayer with a large capital gain can occasionally do
some 'dividend washing', for example Tellings Golden Miller (TGM) is
shortly to give back investors 60p a share in the form of a special
dividend.....shares can be currently bought at about 1.15....when they
go xd the shares will fall by the 60p (approx) and a capital loss can
be established to offset other gains wehilst keeping the tax free div.

paragon,

how is that dividend "tax free"?

He means tax free in the sense that, the person is a basic rate taxpayer, hence no further tax liability on the dividend received.

Move to Holland. No CGT and cheap drugs and beautiful girls.

Noted