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Capital Gains Tax

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    Capital Gains Tax

    With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

    How does one cope with what looks to me like astronomical rates.

    In Germany and Switzerland I pay "nowt".

    This is probably why everyone in the UK is obsessed with houses and not shares.
    I'm alright Jack

    #2
    Open a company in Panama. Sell house to Panamanian company for x. Panamanian company sells house for you at y. Keep y-x out of country.

    HTH

    Insanity: repeating the same actions, but expecting different results.
    threadeds website, and here's my blog.

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      #3
      Originally posted by BlasterBates
      With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

      How does one cope with what looks to me like astronomical rates.
      Not make large sales of capital at one time, other than one's primary residence.
      God made men. Sam Colt made them equal.

      Comment


        #4
        Originally posted by BlasterBates
        With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

        How does one cope with what looks to me like astronomical rates.

        In Germany and Switzerland I pay "nowt".

        This is probably why everyone in the UK is obsessed with houses and not shares.
        I presume you mean that you pay nowt on shares. You certainly have to pay CGT on houses in Germany.

        tim

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          #5
          correct, you hold shares for more than one year it is tax free.

          So in Germany it is the other way round, property is a bad investment. You can see it reflected in the prices.

          That may change in the next couple of years.
          I'm alright Jack

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