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 The world is full of risks, and of Government departments after your money to squander on all manner of extravagances (OK, less so now than before 6th May 2010, but let's not get carried away; there's still a hell of a lot of wastage!) Nobody knows this better than business owners and financially literate individuals. It is for such people and their advisers that I have put this site together. For example, you can: - Use 50% of the equity in your home or buy-to-let property (if unencumbered) to produce an income of 5% a year, for three years. This is not equity release. You’re not giving equity away, or clocking up any debt. It is effectively "free money", and it comes with no risk to your home.
- Claim capital allowances on commercial property (typically 25% of the price you paid for it, plus renovations) provided that they haven't already been claimed by a previous owner. But only about 4% have. Yes, really! And you can find out if you're one of the 96% at no risk to yourself. If my connections (Cyril Sweett) can't find at least £25,000 for you to offset against tax, they don't charge a bean. If they do, their fee will be less than the tax relief recovered in years 1 and 2; thereafter it's all yours. Cyril Sweett do all the work, and they've never had a claim rejected by HMRC. "GP" Accountancy practices aren't resourced to identify these allowances. This is the terrain of the specialist. You have nothing to lose, and possibly much to gain.
- Remove a pension pot (if substantial) from the IHT net, plus much else besides. The architects of this (again unique) arrangement are the team who drafted the UK legislation for Pensions Simplification, so they know their onions!
- Extract current year or retained profits from your business, free of tax. The architects for this arrangement were the first into the market with an EFRBS. But EFRBS have been dealt a death blow by HMRC. This is its (currently unique) replacement.
- Invest in a high-risk business venture, the success or failure of which will be decided within 6 months. If it succeeds, you make a fortune. If it fails, your loss may be offset against Income tax. If you're taxed at 50%, you’d make 250% on your net investment. If at 40%, you’d make 200%. And all within the space of a few months. It really is a case of "Heads you win; tails you win". The architect of this scheme was for 15 years a senior tax-avoidance investigator for the Inland Revenue.
- Avoid stamp duty on purchase of property of £500k or more (even the Labour party used this one in 2006!).
- Avoid Inheritance tax, even if it's been left too late to adopt more conventional methods.
Ever since January 2000, I have distrusted shares because of the sentiment attaching to them. I can introduce you to investments which do not depend upon equity markets to deliver returns. For example, there's investing in green oil which delivers income of: - 5% yr 1 (assured)
- 12% yr 2 (assured)
- 50% revenue share thereafter, for a further 45 years. Reckon on 20% on your investment, but that should go up with oil prices over the years ahead.
Or investing in "luxury labels" beloved of the Chinese; (in this instance, first-growth fine wines, eg Lafite). The Chinese, having just discovered it, now can't get enough of it. Furthermore, they actually drink the stuff - thus enhancing the value of the remaining stock. And your gains are CGT free! c£38,500 (price varies a bit on dates chosen) buys you a perpetual charge-free fortnight in a luxury beachfront 1-bed villa with its own pool in an exclusive 5-star resort currently being built in a 77-acre UNESCO World Heritage site in Magretoute Bay, St Lucia. All you'd be up for is the cost of the flight (£1,100 return, Virgin Atlantic Premium Economy), and anything you consume in the resort during your holiday. If you don't want to visit it, the Operator (Six Senses) rents it out for you and you get 50% of the rent (projected be c10% on your investment). So you could have an accommodation-free two-week St Lucian holiday every other year, plus 5% p.a. on your investment amortised over two years. Know of any other investment which offers both a reasonable retrurn plus so much fun? Or investing in Structured Investments which enable you to swap equity risk for credit risk, which although present, is far lower. The counterparty assumes all the equity risk. Further information on all of the above is clearly necessary, and available upon request. For more information, call or email me. |
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