jimbobGR
- 04 Jun 2005 18:44
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?
paragon
- 05 Jun 2005 14:30
- 5 of 9
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.
Andy
- 05 Jun 2005 19:26
- 6 of 9
paragon,
how is that dividend "tax free"?
matthewm
- 06 Jun 2005 14:36
- 7 of 9
He means tax free in the sense that, the person is a basic rate taxpayer, hence no further tax liability on the dividend received.
Pommy
- 07 Jun 2005 08:27
- 8 of 9
Move to Holland. No CGT and cheap drugs and beautiful girls.
jimbobGR
- 07 Jun 2005 08:29
- 9 of 9
Noted