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Welcome to The Informed Investor. Press Control+B to Bookmark this site for later reference. |
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NOTICE: In regards to the Direction by The
Chancellor
of The Exchequer, Hovis, all tax avoidance plans are being operated by
an
off-shore company and are created in consultation with the clients as
one
- off plans for that client only. Most of the plans listed below are
now
defunct but give an idea on the type of plans we have been writing
since
1966. Drummond & Co will be pleased to introduce those interested
in
Tax Mitigation to the off-shore company, who are under no obligation to
the
Inland revenue. For the information of the Inland Revenue you can read up on all the plans we utilise by reading the Statutes of England and Wales. They are all in there. |
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As part of
Drummond & Co's
" Nothing is more certain than death and taxes" - Benjamin Franklin Mr Franklin may well have been right but the certainty that one leads to the others has been challenged for many years. Not only that but the accepted natural consequences that investment profits and gains, especially those generated by our own efforts, fall to be taxed is continuously scrutinised by the legal and accounting professions. With significant success. The legitimate reduction or elimination of taxes and duties which become payable on crystallising gains or death has been a professional preoccupation for many years. The widely
held
view is that such revenues are unfair because the wealth has been
created
by sheer hard work, and that the tax has previously been paid on the
capital or assets.
Website: For further
details
on legal, taxation and non FSA advice Tel(UK):
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It enables them, at rates which have been accepted by the Inland Revenue, to: The Capital Redemption Policy is straightforward to establish. The range of acceptable assets to invest in, including private shares, land and property, and to retain is exceptionally wide. The benefits are proven.
A Capital Redemption Policy is a capital redemption contract
issued
in exchange for the payment of a premium. The premium may be cash, an
existing
share, unit trust or bond portfolio, unlisted securities such a private
company shares or other property. |
In transferring the premium to the Endowment Company and receiving a Capital Redemption Policy in return you are in fact substituting a new, single asset for your current assets. The existing block of assets has created current or potential tax liabilities leading to income tax on interest dividends or other income arising; capital gains tax on growth in value of certain of the assets and possible inheritance tax liabilities when you eventually die and leave your estate to beneficiaries. The new asset you
receive
in return is completely different. It is a policy issued by an
Endowment
Company which is linked in value to a Special Account. For example,
because
the value you have transferred is now within a CAPITAL REDEMPTION
POLICY,
which cannot be accessed during the term of each policy, the value of
the
policy is discounted at a rate which has been previously accepted by,
and
agreed with the UK revenue. Just as the redemption value of certain
long-term
, Government gilt-edged securities trade at well below their par value,
so the current discounted value of your capital redemption policy is
well below the value of the assets identified with the linked fund.
This discount basis will substantially reduce the Inheritance Tax
liability on your death. The basis of discounting and the fact that
policies of capital redemption are subject to Capital Gains Tax
additionally means that CAPITAL GAINS TAX on the transfer can also be
significantly reduced. The transferred
assets
form part of the Assurance Company's long term funds and thus the
taxation treatment of the Endowment Company is " wrapped around" your
recommended investments.
This tax treatment currently means no liability to corporation
tax
on income and gains arising within the funds. Your fund essentially can
grow
in value on a tax free basis.
An example may help
to
explain the attributes of the Capital Redemption Policy. Mrs.
Brown
is a widow aged 65. Her husband died two years ago and left his entire
estate to her. Her assets are now worth £1 million and comprise
of her home valued at £195,000, a savings account with a Building
Society worth £55,000, an investment portfolio recently valued at
£250,000 and
shares in her late husbands business valued at £500,000. The gain
on
the investment portfolio and private shares is £600,000. CAPITAL
GAINS
TAX EFFECT: INHERITANCE
TAX EFFECT: WARNING LEGAL OPINION The Lawyer concerned is in possession of legal opinion on this scheme but will only show it to prospective clients and will not allow copies for distribution. |
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If you have a Tapaz ID you can request more
information
on Capital Redemption Policies, by entering your ID and pressing Tapaz.
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List of Interesting UK Sites
It's well worth the money |
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This site is Netword enabled.
This site's Netword is (CAPITAL REDEMPTION PLANS). Tell your friends. |
Alta Vista | Alta vista is a
search
engine, reinvented as a Web portal. By incorporating regular news services, email and shopping they have increased their functionality and stickiness ten fold.http://www.altavista.digital.com/ |
Apollo (web advertising Catalogue)UK | http://apollo.co.uk |
Ask Jeeves | Ask Jeeves is a
second
generation engine. Instead of searching based on keywords, it attempts
to
answer your questions. www.ask.com |
BizAds Business Locator | http://bizads.2cowherd.net/ |
Bluechip | http://www.bchip.com/ |
Britannia | http://www.microspy.com/britannia |
Business Online is a very powerful business tool which contains news, directories, classifieds, articles, databases, international buyer-seller connections and BizWiz | http://www.clickit.com |
City Pages (UK) | http://www.citypages.co.uk |
Comfind-business directory | http://comfind.com/ |
Euroseek | http://www.euroseek.net/page?ifl+uk |
Excite | http://www.excite.com |
Fast Search | The largest spider is Fast Search which indexes around 200 million web pages. It is very speedy.http://www.alltheweb.com |
Findlink | http://www.findlink.com |
Directoryfind is the UK financial services industry net directory. | It is an
award-winning
site which links directly to over 3000 UK financial services
companies. http://www.find.co.uk |
Galaxy | http://galaxy.einet.net/search-pages.html |
A novel approach-
it
looks at the results of other search engines and takes notes of the
links people have followed. http://www.google.com |
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Hotbot | Hotbot is a spider
which
offers some particularly nice search tools. By playing with the options
available at the left hand side of the main page you can be very
specific about the sort of results you want. http://www.hotbot.com |
Humor Search Comedy Search Engine | http://www.humorsearch.com/ |
Inc.co.uk/index (UK) | http://www.inc.co.uk/index |
Infoseek | http://www.infoseek.com |
Inktomi | http://inktomi.berkeley.edu/query.html |
Internet Sleuth | http://www.isleuth.com/ |
Jayde | http://www.jayde.com |
Looksmart | http://www.looksmart.com/ |
Lycos | http://www.lycos.com |
Magellan | http://www.mckinley.com |
Mamma | Mama is a
metacrawler-
it runs your keyword through a number of spiders and collates the
results http://www.mamma.com |
March Search(UK) | http://www.march.force9.co.uk |
Matilda (Australia) | http://www.aaa.com.au/ |
Metasearch | http://www.metasearch.com |
Microsoft MSN | Is this a monopoly? |
Money-Search | Geared to small
businesses & investment http://www.moneysearch.com/ |
Nerd World Media | http://www.nerdworld.com |
Netscape Search | http://home.netscape.com/bookmark/4_08/netscapesearch.html |
Netword | http://www.netword.com/ |
OneCenter | http://www.OneCenter.com |
OpenText | http://www.opentext.com |
PedagoNet- Geared to teaching and learning sites | http://www.pedagonet.com/ |
Rescue Island | http://www.rescueisland.com |
Riot |
http://www.dxpnet.com/riot |
Savvy-Search (multiple search engines) | http://rampal.cs.colostate.edu:2000/ |
Scoot(UK) | http://www.scoot.co.uk |
Scrubby | http://www.scrubtheweb.com/ |
Search Europe | http://searcheurope.com/ |
Shopping UK Oh dear they won't list us ! | http://www.shoppinguk.co.uk |
Softsearch- Geared to finding software programmes | http://www.softsearch.com |
Starting Point | ClickHEREto vote for this page as a Starting Point Hot
Site http://www.stpt.com/search.html |
UK Plus | |
UK Taxation Directory | http://www.uktax.demon.co.uk/ |
USA Online | http://www.virtualave.net/ |
Webcrawler | http://webcrawler.com |
Webseer- Searches for online pictures | http://webseer.cs.uchicago.edu/ |
Websurfer | http://www.io.com/websurfer/ |
What-U-Seek | http://www.whatuseek.com/ |
What's New Too! | http://newtoo.manifest.com/search.html |
WWWomen- Womens issues | http://www.wwwomen.com/ |
WWWW (The World Wide WebbWorm) | http://www.goto.com/ |
Yahoo |
Practically
everyone
with access to the www has used Yahoo for some reason or another. Initially a search engine, Yahoo is a now a gateway for online shopping, news, email and a whole load more.http://www.yahoo.com |
Yellow Pages | http://submit-yellow.com/tattletale/ |
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