Another attack on 'schemes'

[Fred Bloggs]

I wasn't aware we were hiding anywhere, i'm not doing a very good job of hiding by being on here then I guess

I appreciate you are not "hiding", you know that I know that. I also actually appreciate your input here. But, I really want to know, is that if what you do is fully 100% HRMC compliant, then why you have to operate out of an off shore tax haven rather than onshore here in the UK.

[Alan @ BroomeAffinity]

» Who provides a solution for your working country?

Shouldn't that be "Who provides a solution that stops your country working?"

[geoff from contracta IOM]

I appreciate you are not "hiding", you know that I know that. I also actually appreciate your input here. But, I really want to know, is that if what you do is fully 100% HRMC compliant, then why you have to operate out of an off shore tax haven rather than onshore here in the UK.

The simple reason is that all trusts to be effective have to be offshore, the trust that owns the stately home will be probably IOM or a Channel Islands trust. UK law recognises trusts but the trust needs to be offshore to work.

[Fred Bloggs]

The simple reason is that all trusts to be effective have to be offshore, the trust that owns the stately home will be probably IOM or a Channel Islands trust. UK law recognises trusts but the trust needs to be offshore to work.

Thanks for the clarification, it is appreciated.

[LisaContractorUmbrella]

Shouldn't that be "Who provides a solution that stops your country working?"

LOL

[subsea]

What's wrong with avoidance

Why do HMRC word items stating they are trying to stop 'tax avoidance'. Surely avoidance can be as simple as putting your savings in an ISA rather than leaving them in a regular saving account. Everyone has the right to minimise the tax they pay in a legitimate manner