Tax free investments

[DimPrawn]

Okay, apart from putting money in a pension (tax free at point of money in), ISA (tax free on growth) and Premium Bonds (tax free winnings), is there any other investments that are sheltered from taxation in some way?

I guess there is buy a bigger house (tax free gains on house price).

I have money burning holes in all my pockets and I don't want that **** Brown to get any of it.

[Nixon Williams]

You could consider VCT's (Venture Capital Trusts) you will receive a tax rebate on investments (now only 30% after the last Budget) but you must hold for 3 years. They can be volatile and can only now invest in very small companies so more risk there.

Provided you hold them for the set time the income and any capital gains are tax free.

These are really only for the serious investor and then only as a small part of their portfolio.

As always, obtain advice before proceeding!

Alan

[Buffoon]

Any problems with it not being legal?

[Euro-commuter]

Okay, apart from putting money in a pension (tax free at point of money in), ISA (tax free on growth) and Premium Bonds (tax free winnings), is there any other investments that are sheltered from taxation in some way?

I guess there is buy a bigger house (tax free gains on house price).

I have money burning holes in all my pockets and I don't want that **** Brown to get any of it.

Share dividends.
Friendly Society savings plans.
In effect, paying off debts is tax-free.

[milanbenes]

AU


Milan.

[DimPrawn]

Share dividends.
Friendly Society savings plans.
In effect, paying off debts is tax-free.

Are share dividends tax free?

I have no debts.

[thunderlizard]

Yes VCTs are the obvious one.

also farmland and forested land, in sufficient quantities

[Joe Black]

Tax free investments?

Stick with what you know and follow these guys example.

[Diestl]

Spread betting on the Financial Market, not investing as such.

[Euro-commuter]

Are share dividends tax free?

I have no debts.

Dividends on UK shares:
1. are considered to have had 10% tax already paid on them;
2. attract tax at 10% for standard rate taxpayers, 32.5% for higher rate taxpayers. So you are due to pay 0% or 22.5% more tax, respectively.