money help

roswell

would you have to prove a lottery win ? horse race win maybe ?

roswell

Just thought, Has your Grandmother not "Gifted" you this from her estate ?

andyparf_2

it seems we are now living in a world where everyone is asset rich ie. house price inflasion and cash poor which is a very bad sign

i will find out what i can do but i have been told that if i went to a casino changed it all to chips and then back again it could be made to look like a win

seems like you have problems if you have cash or not

tom188

i will find out what i can do but i have been told that if i went to a casino changed it all to chips and then back again it could be made to look like a win

Now that really does look like money laundering. I believe a lot of drug money was run through this process over the years and there are now very strict limits on how much cash you can take there too.

roswell

you could make 320 deposits of £250 ... would take a few years i would think.

andyparf_2

could i do this

if i up the ammount of money that goes through my business i could pass say an extra 20,000 next year, can i just leave this money in the business and not take it as wages untill i need to

secondly

can you invest the money out of a business into a high interest account and then shift it backwards

what i dont like ius im lossing like 4000 a year in interest

roswell

the hint was in the question "Did your grandmother gift you this out of her estate"

andyparf_2

so if my grandmother does gift me this money from her estate i would be ok

tom188

provided there is no IHT due on the estate or you have documentation going back beyond 7 years from her death, otherwise what you are doing is tax evasion/fraud which you can go to prison for, regardless of what clever scheme you try.