I WANT TO INVEST 100,000 GBP IN SMALL UK COMPANYS on AIM AND SMALL CAP?
IF I INVEST IN UK COMPANYS THROUGH AN OFFSHORE BROKER SUCH AS INTERNAXX WHICH IS BASED IN LUXEMBOURG WILL I BE CGT EXEMPT ? WILL I PAY LESS CGT ? WILL THE CGT REMAIN THE SAME ? BY THE WAY CGT MEANS (Capital Gains Tax) AND I AM ALSO A BRITISH CITEZEN SO ILL BE DOING ALL THE INVESTING FROM HERE Thanx guys and girls :)
Public Comments
- WHY ARE YOU YELLING AT ME?
- You will only pay UK taxes on the money you bring to UK in any particular year. But you still have to declare them every year to the tax authorities in UK. But note that these funds have very high charges and are only worth the bother if you intend to go and live in another country with lower taxes one day.
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