How can I be tax savvy to avoid 33% CTG on stocks

[quilly]

@glowing Set up a holding company, which owns an investment corporation in a country with low corporation tax.
Corporation is controlled by a trust which pays it's profits to you. Pretty much the same model as used by most in the Pandora papers.

 

[glowing]

@quilly Need to add a couple 0s to my worth before I start doing this

 

[quilly]

@glowing People think that, but it literally pays for itself. Is it ethical, debatable, but are you throwing money away otherwise, definitely.

 

[fiddlegal]

@quilly That’s really interesting. Is there any further reading you can recommend?

 

[quilly]

@fiddlegal This was my introduction to the concept.

After that it was just a lot of googling.
In Europe Andorra is a decent shout.

"Corporate entities are subject to a 10% corporate tax, applicable on profits. Collective investment undertakings (funds and sociétés d'investissement à capital variable) are subject to a 0% corporate tax."

Set up shop, pay 20% less tax, and have a shell corp there should you need it for anything else.

 

[timdaniel]

@glowing You can get offsets for pension contributions

 

[timdaniel]

@glowing Pension potential

 

[glowing]

@timdaniel Trying to be 30 and rich not 65

 

[spiritsight]

@glowing You probably won’t be rich at 30 from investing unless you got incredibly lucky on high risk investments. Compounding takes years and years to work properly for the broad market even if it’s all tax free

 

[glowing]

@spiritsight I’m 22 Rn been saving since 18 so I could be, Rich is subjective but I mean deep into 6 figures by 30 is what I’m on track for

 

[glowing]

@spiritsight And I’m only and index fund and large cap investor not speculating on mad risky bets

 

[michaelsouby]

@glowing Rich 65 will thank poor 30

 

[kayh85]

@glowing Is cash interest from trading 212 eligible for that 1270 allowance?

 

[brobear]

@kayh85 Your cash is invested in money market funds so no 1270 allowance, 41% exit tax

 

[glowing]

@kayh85 Think it’s counted as PAYE

 

[weirdbeard]

@glowing No it doesnt. It counts as deposit interest at best, fund exit tax at worst