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Old 01.11.2019, 09:23
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Holding investments offshore don't affect the tax situation of the owner.
For a UK tax national living in the UK they have to pay tax on any income generated even if not received in the UK & capital gains as & when assets are sold. Identical tax treatment, just as holding Fundsmith in the UK or in Luxembourg. Luxembourg is for those who don't wish to hold UK assets, investment is identical.

Buy & hold investing is very tax efficient as there are no capital gains to be paid, selecting a good fund manager is key.

HMRC takes tax evasion very seriously & keeps an eye out with wealthy individuals. They have offered several disclosure schemes, they have now all closed. Anyone who has evaded 100k of tax will likely go to prison.
Tax avoidance ≠ tax evasion.

If you think the only way people are doing this is by donating huge sums to charity you are exceptionally naive.
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