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Can you pay less tax by setting up a offshore limited company for share trading?
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[Deleted User]
Posts: 0 Newbie

I was wondering if this is possible if anyone has done it. At the moment when I take profits from one trade and put it into another trade I have to pay CGT.
If I could trade over here but offshore this would prove an exponential benefit to myself, not having to pay tax on dividends or CGT my business could grow a lot faster.
Any ideas?
If I could trade over here but offshore this would prove an exponential benefit to myself, not having to pay tax on dividends or CGT my business could grow a lot faster.
Any ideas?
0
Comments
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If I could trade over here but offshore this would prove an exponential benefit to myself, not having to pay tax on dividends or CGT my business could grow a lot faster.
But then again, I do rather like the services I get from paying tax.0 -
Yant1,
I believe your question is rhetorical. Nevertheless, I will try and answer.
Basically, if you are a resident for tax purposes, then you a liable for CGT. However, there are usually ways of avoiding some liabilities, if you are clever. Being offshore, when you are a tax resident is meaningless. Given the sums involved you must engage an accountant and/or an IFA.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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