PrimroseHill wrote:
Yes. Correct, that's what the law requires.[/quote]
Trusts? SIPPS? ISAS?HMRC NRLS? offshore limited companies. onshore ltd. There are also issues over domicility/residency versus birth country.
Just remember UK FATCA pretty soon[/quote]
[My original comment was 'Yes, I pay tax'.]
Trusts. If the business grows organically over many years, you occasionally consider 'tax advantaged' vehicles, but there seems little inertia to going and getting it done. Not least because of the very high up-front costs.
SIPPS - too complicated and restrictive.
ISAs - Isn't that limited to putting something like £250pa into a deposit account earning 0.15% interest, or some such?
NRLS - yes registered. But that just means I file tax returns, rather than PAYE. I of course still pay tax either way.
Offshore limited - same as with Trusts above. Onshore, I understand the taxes would be higher.
Right now I'm considering a pretty big switch. Not least as I've just had life's 'first big health scare', and I'm not investing for anyone else but me the the missus, so would like to get to (guiltily, lol) be able to enjoy a little of the fruits of the labour.
p.s. Are you a landlord yourself?