It’s impossible to get something good at an impossibly cheap price. We know this, but we forget it, so we have sayings to remind us, like “buy cheap buy twice”.
Perhaps popular culture dislikes offshore financial arrangements because people can remember all those peers in the house of Lords who enjoy non-dom status.
It takes money to make money and today, thanks to ever stricter rules on tax planning, the same is true with your tax strategy. Increasingly, tactics only work if you have cash at your disposal.
Why? Things like social status, internalised self worth and living in an insular environment where competition among dentists for the best post grad garlands matters more than income.
HMRC have introduced draft legislation into Finance Bill 2016 which could see gains on your property disposals taxed as income, rather than capital gains (CGT).
