help need for risk free investment

cheerfulcat

Conrad wrote: »

Im risk averse btw.

Ive found a property built by the Malaysian Government which guarantees a minimum 8% yield and rising each year. There are no ongoing costs and the rentals will actually be run by the international hotel chain 'Swiss - Bel'.

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One point though; Its not built until 2009 (great for me as I get capital growth from now on the full £73000 value as at today, yet only put in £22000 for now).

No CGT and limited income Tax (deducted at source).

People say "ah but you will pay the CGT in the UK". In reality no one I know does as they keep the funds offshore.

You're risk averse and yet you are buying property off-plan in a very controversial development many thousands of miles away and you are planning to evade tax? Sounds pretty risky to me...

tom188

No CGT and limited income Tax (deducted at source).

my understanding of double tax treaties is that ordinarily you are liable for the taxes in your country of residence, not the country you have invested in.

EdInvestor

skid112 wrote: »

Good morning,
a friend of mines brother has a lump sum he wishes to invest but he is massively adverse to risk, on a 1-10 scale he is at least a 0 if not a minus. He has taken financial advice from what i would call, an unscrupulous chap, who has told him to buy a Skandia bond. Saying its an 8% return with no risk.
Any thoughts or suggestions greatly appreciated and before we go ISA route yes have told him of them so thats £6k for him and his wife taken care of.

Amazing case of misselling.Avoid, of course.

In addition to the cash ISA there is also the mini investment ISA they can use - that's 2x4k per year.

Investment options would be gilts, perhaps top quality corporate bond (AAA rated) funds. Money market funds (quasi cash are a possibility).Commercial property funds that invest in buildings, run by the big insurance companies might be worth mentioning - they have a bit more risk but provide a stable income.