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/biz/ - Business & Finance

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10123285 No.10123285 [Reply] [Original]

Has anyone got any advice on avoiding inheritance tax within the UK?

>> No.10123303

The old person spends everything for Bitcoin.
Gives Bitcoin to whomever it needs to belong.

>> No.10123322

>>10123303
So you end up paying CGT

>> No.10123344

>>10123285
Don't die

>> No.10123347

>>10123322
not if you dont tell anyone and only cash out your yearly tax free allowance

>> No.10123442

>>10123285
Create an estate trust. Transfer trust to heirs.

>> No.10123464

>>10123285
Die in a free nation

>> No.10123469

>>10123303
Oi mate, ya gotta license for that Bitcoin ?

>> No.10123544

>>10123285
Start a off shore trust/common law trust

>> No.10123680

>>10123285
If you're going to earn millions from your inheritance then go to a lawyer and accountant for advice moron, not on /biz/ where our crowning achievement is bizonacci and boomer monster memes.

>> No.10123699

>>10123285
Kill Liz and have yourself crowned king.

>> No.10123999

>>10123680
It's not millions and I was just wondering if anyone had any suggestions that I can look into things further with.

>> No.10124009

Talk with the person who is about to die and make them gift you stuff over time. That would be one idea, I guess.

>> No.10124036

>>10123680
nah m8 we invented pink wojaks, hodl and other epic memes

>> No.10124078

>>10123285

You get 11k a year tax free (separate to tax on earnings)and you don't even have to declare it.

Big money you'd be better of just paying what is due. How much are we talking?

If you've inherited it from someone and its already been seen by a lawyer It wont be a god idea to hide it IMO.

>> No.10124106

>>10124009
You have to do that 7 years in advance including property assets.

>> No.10124134

>>10124078
It's not soon I just want to get things in order. 4 properties and I don't know how much fiat

>> No.10124160

No income —> no tax. That simple.

>> No.10124168

>>10123999
The reality is you don't need millions if you are willing to put the work in & come to a arrangement with another family/individual. You can each be the trustees in each others trust....
OR
Off shore companies can be created for cheap & can stay open in perpetuity, also
become a Non Dom, this type of stuff will require you to so some research.
Get a second passport, I have 3 passports = P

>> No.10124236

>>10124168
How hard is it to fake a passport or change name in another country? Just curious.

>> No.10124297

>>10124168
How can I speak to you more about this?

>> No.10124716

>>10124297
ask here, a good few Anons probably have more knowledge than me.

>>10124236
would not advise! get caught with a fake your fuck and might end up in third world shithole literally

>> No.10124785

>>10124297
https://www.youtube.com/user/nomadcapitalist
a good channel, tonnes of info

Anon you are from the UK you have so many options, the issue is you will have to be responsible and DYOR.

Are you simply just trying to avoid inheritance tax or do you want to lower your taxes paid through out your life?
My point is you need to start researching, the best option for you is different than my best option...

>> No.10124799

>>10124785
Thanks brother. I've thought about what you said and I appreciate that.
I'm from England.