AdviceOnline
Offshore Funds and Investment
AdviceOnline Offshore Funds and Investment
There
are numerous advantages in using offshore funds, not to mention
the attractive tax sweeteners on offer – but what are
they? And when should you consider using offshore funds?
Lower
taxes on fund build-up
Offshore funds are funds established outside the UK, traditionally
in low tax areas such as the Channel Islands and the Isle
of Man. With the European Union’s encouragement of cross
border financial services, they have become more prominent
in recent years with new EU tax havens such as Luxembourg
and Dublin becoming established.
Like
their UK-based counterparts, offshore funds are a form of
collective investment, i.e. they provide a method of investing
in a wide range of companies or stocks within one fund. They
invest in the same types of underlying investments as UK funds,
primarily equities and fixed-interest investments. In addition,
there are fewer restrictions on their investment powers.
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