Tax in the Falkland Islands.

Johnny_Hach

If you want low taxation become a resident. £15000 allowance per person. 21% on next £12000 and the rest at %26. No higher rate. No capital gains. No inheritance tax. The only down side is our only bank offers just %.5 interest but all interest from the bank is tax free.To gain money, is bring your multi millions with you and negotiate a preferential rate which will then be tax free. If you bank outside of the Falklands then Government tax you on the interest. What a way to help savers.
Johnny Hach.

BoGoF

Great story bro.....very useful on a UK forum.

unforeseen

There's not a lot else to do down there. There maybe a knees up at the Upland Goose if your lucky, or if your a visitor you could make fun of the Stills.

Johnny_Hach

At least I have been able to save £1,000,000 in my lifetime.
JH.

unforeseen

Johnny_Hach wrote: »

At least I have been able to save £1,000,000 in my lifetime.
JH.

Only because there is nothing to spend it on. Is there still only one small supermarket run by FIC on the seafront in Stanley?

Johnny_Hach

Seems to be a lot of losers on this thread.
JH.

Johnny_Hach

No good sat in UK if you want to avoid tax.
JH.

Johnny_Hach

Do you still live with your mummy.
JH

unforeseen

Johnny_Hach wrote: »

No good sat in UK if you want to avoid tax.
JH.

No good sitting in FI if you want a life

k3lvc

Johnny_Hach wrote: »

No good sat in UK if you want to avoid tax.
JH.

And the earning potential compared with mainland UK is what exactly ?

I'd rather pay 40% of my (substantial) salary than 26% of nothing

Baa

00ec25

Johnny_Hach wrote: »

Do you still live with your mummy.
JH

No I don't.

I have a life that involves spending some time on the internet and most time not making pointless posts to provoke a reaction. The tax I pay goes towards providing the infrastructure I enjoy (National Opera for example) and supporting those less "fortunate" than me, to whom I do not begrudge the support I provide, for example, paying towards stationing the armed forces on their island to prevent another invasion.

I also don't feel the need to post on a website connected with the "homeland" because I have nothing else to do.

Johnny_Hach wrote: »

I am a UK citizen that has been a Falkland Island resident for 40 years. Anybody know a UK bank that I can open an account with. Can then start saving.

so we can assume that the nirvana in which OP lives does not include provision of somewhere to save his £1m. Presumably therefore it is buried in a hole in "the camp" and he visits it regularly as the highlight of his entertaining life