I, like many other people I know, still own my property in an offshore company. The main reason for not bringing it onshore is that I simply can’t afford the Capital Gains Tax involved in doing so. I am told that the property needs to be onshore by the end of this year.
Does anybody know a way to do this? I have been the victim of just being extra commission to financial advisors before who haven’t helped me forward – including actually paying to take my property offshore three years ago, having been onshore for 20 years! All help gladly appreciated.
(Name and address withheld at author’s request. Anyone wishing to offer advice on this subject is requested to do so via a letter to the editor.)