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Tax Avoidance for Investors     

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
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