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i am going to live in it. the company will be in the seychelles
yes I want to protect my inheritance. Its unlikely that there would be any inheritance tax to pay as i would be well under the £325 k threshold if i died. I have tried to find out about various other options, such as reassigning my inheritance to my daughter or putting it in trust but i have been unable to get information on this
I could but not sure if this would protect it. I think we spoke the other day but on a lightly different subject. I know you said that it was unlikely if the developer in cyprus would come after me in the UK anyway if they managed to get a judgement out there against me if they didnt know where i was here and that i could defend, and whilst i am sure you are right, i would be anxious all the time, as i just dont know what they are up to and they have already had all my money which i invested out there, so i want to make sure i protect this. You put my query out to someone else as you did not know about trusts but no one was able to answer it here, so now i am finding out everything i can about a way to protect this and the only concrete info i have been able to obtain is about an offshore company, although as you rightly say, this incurs costs each year. If there is another way i could protect it here, eg if its safe to put it into my daughters name instead that that would be the better option
I am not looking at the issue of tax just of protecting my inheritance from dishonest and unscrupulous developers in cyprus. I want to make sure that they canot get their hands on the property