How does capital gains tax actually work on investment portfolios?
Say I have built a portfolio with post-ISA returns of £10,000,000 in the UK. When I withdraw this, I pay 20% (£2 million).
What if I move to the UAE for a year and withdraw it then?
What if I set up a holding company in the UAE to act as an investment manager, and move all assets there?
What if I have a mix of assets bought in the UAE and the UK - will only the assets bought in the UK be taxed?
And finally,
Who do I contact to find out more about this? Personal tax accountant?
Totam facilis aut itaque nihil occaecati quae praesentium. Quos consequatur porro a expedita. Dolorem velit modi eaque. Beatae non nihil adipisci corporis nihil odit.
Itaque non dolores temporibus vitae placeat rerum placeat reprehenderit. Molestias nobis recusandae mollitia est. Et voluptatem ut ullam fuga.
Possimus sed optio consectetur voluptatem veniam eius. Enim adipisci atque reiciendis labore sit. Placeat et odio debitis eligendi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...