Offshore arrangements-see summary

Use of offshore trust and loans into UK - can it work?

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By The Dullard
18th Jul 2022 11:33

There is the potential for a charge under ITA 2007, s 728.

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By ireallyshouldknowthisbut
18th Jul 2022 11:35

My non-expert option would be that most of this stuff is based on not getting caught, or if you are caught having enough financial clout to wriggle out of it.

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Replying to ireallyshouldknowthisbut:
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By Tax Dragon
18th Jul 2022 11:48

Standard advisory caveat:
The success of this planning depends on your not getting caught.

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By Justin Bryant
18th Jul 2022 13:38

If he pays full market rate interest on the offshore loans there should be no taxable s731 ITA 2007 benefit (if it would otherwise arise) I believe.

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By Paul Crowley
19th Jul 2022 15:31

Tory chancellors and tax avoidance. Nothing changes
They tax the workers and tax jobs, but not them and their family

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