Spanish Properties

Red Eye

Junior member
13 0
Chump

I don't know the place your talking about! whats the post code?

Cpital Gains....

Let me try and explain the loophole...... You don't actually own the property until it's built (completion). You own the contract, if you hold the contract upon completion, you have to pay capital gains..... If you sell the contract before it's complete you pay NO CAPITAL GAINS.

Opening an Off Shore account....

You can set up a company account in Gibraltar for less than £2000, then pay about £1000 fee per annum. Thats it!

I don't know about you but I want to keep as much of my hard earned money as poss! The goverment will only waste it on things and people that don't deserve it anyway.

Is your accountant related to Gordon Brown?
 

Red Eye

Junior member
13 0
Gibraltar, Jersey, Mauritius, Panama, take your pick from these and many others. It dosen't matter where you keep your money the reasons are still the same!

I don't think the comparison between car dealer and property investor is a good one. Ok you are effectively dealing properties, but who's gonna find you if your 'dealing' under an off-shore company name?
And who cares if your making a few bob anyway, your doing nothing illegal, the tax mans got bigger fish to fry!
 

eminem

Active member
185 1
Careful Red, you don't know who reads these boards!! If you are going to pick an offshore jurisdiction you're better off using one which doesn't have any links to the UK, getting fewer now due to money laundering regs. Hope your company was incorporated using bearer shares and without a corporate reigister, too easily traceable otherwise. Be careful with what you do with your offshore bank statements too.

The Spanish property scheme sounds interesting though, gonna have to look into at that :)
 

Red Eye

Junior member
13 0
Chump

Where did the Germans keep their euros?

An off-shore company account should be confidential!

GB's got no reason to come after me, he gets enough tax off me from UK earnings. Theres bigger and uglyer fish to fry. For the effort it would take to track little old me down, it wouldn't be worth his while just for a few pennies!


Eminem

Good advice, thanks mate.

I'm by no means an expert on off-shore accounts, but have been considering it for a while now and will be researching further before I make any decisions. I think theres some mileage left in this banking.. :D
Would be interested on anyones views on off-shore accounts.

Just trying to earn money like everyone else.. ;)
 

eminem

Active member
185 1
Careful with offshore accounts - DO NOT use an offshore subsidiary of a UK bank (ie Barclays offshore for eg, or subsidiaries of UK banks in the Isle of Man/channel islands) they provide absolutely no privacy. Open them in person in a foreign country with an initial cash deposit or at least a transfer from a mutually known third party (getting harder to do now though). You may need a foreign address to have statements sent to - you do have this facility with your current arrangements don't you? If you receive them in the UK you are asking for trouble. If the IR think you have a reasonable sum from these activites its easy for them to chase you, very little work is required on their part nowadays, everything is done electronically.
 

chump

Senior member
2,212 274
they weren't euros they were deutchmarks and generally under the mattress..."confidentiality"..hows that spelt in Spanish and German..I'll pass it along to the defence team

"Just trying to earn money like everyone else".... spot the logical problem with this statement.. ;)

there is absolutely no problem with having an offshore account..perfectly nice thing to do..its' the contents and how they got there that you need to be able to explain...B of I set the precedent..
 

Dow Dog

Well-known member
409 0
Roll Up

Roll Up

Spanish property for sale at excellent price.

PM me for details of website where it can be viewed.

An opportunity not to be missed folks !!
 

chump

Senior member
2,212 274
Dow Dog ,
If your real name is Hans Taxevader I am going to want a really good deal.... ;)
 
 
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