Please would Just answer-answer! thank you.
Re: UK Tax mitigation strategy - need the appropriate experienced specialist, to answer. I have approx. £120,000 pa gross investment income, held jointly in my wife's and my name, with my wife having approx. £7,000 pa gross state pension and I have approx. £18,000 effective pension - just retired ( aged 63, with two grown up children). I have approx. £1.2M investment capital (£1M liquid, with £200K+ as shares in buy to let property - since sold home recently and renting at £1,500 pm). In a years’ time likely to buy home for £3/4M with approx. £1/2M investment capital, and £50,000+ investment income, plus hopefully further trading income £50,000+. From research I did a year ago, and very conscious of HMRC's crack down on tax avoidance schemes I would like to house all investment capital under a tax efficient roof (say a personal/family investment company?) , and also perhaps start -through an arm’s length gift - an offshore wealth fund (under say a foreign domiciled/resident foundation?) - as a hedge against anything going wrong for the UK, and for my children particularly. I know this requires UK and international tax expertise - and above all experience, and would like this query passed to such a person or persons, and would be grateful if a solid resolution could be advocated to direct me further accordingly. Thank you. Bwlch 23.34 pm 29-12-14
Many thanks for your very clear cut answer, and my apologies for the delay in getting back to you due to the New Year.
Given my case, is there any other option other than a personal investment company for UK tax mitigation?
Secondly re creating a 'contingency' wealth fund abroad for my family's future, could you direct me to where I go to find reputable 'international' tax advice - is there a recognized directory or list of reputable firms?
I will pay extra for this and for your original answer, which I much appreciate.
Bwlch523 11.55 am 2-1-14