Originally posted by northernladuk
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That's one thing and the other that IHT at 40% is much larger than passing them shares in the investing company whilst they're still young adults and we could organise affairs as needed.
Originally posted by Maslins
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We're currently UK residents but not-domiciled here, but if something along these lines goes ahead, we'd be staying in the UK for quite a few more years.
Originally posted by Syd
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Originally posted by SimonMac
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Regarding the ISAs and personal investments, there are a few problems. The main one regarding investments is that if you're trading frequently, UK brokers charge a fortune in commissions and FX fees (if you invest abroad) so I wouldn't be able to do it with my method, plus most have not even setup international stocks in their platforms, to some you need to ask them to be added one by one(taking weeks), others don't support pending orders carried forward on international stocks.
I've had money sitting in ISAs for 3 or 4 years and I've not traded anything there yet as brokers have not improved much in all this time.
We might put more this week and in 2 weeks, but I'd prefer to invested via a company for the idea which I mentioned above to 'northernladuk': future IHT in profits and having the possibility to add kids as shareholders so that they can enjoy income from the company when they're young adults as well.
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