rickyboy

Ok say for example i've been in Dubai for 5 years and made a nice stack of cash, how do i avoid mr blair getting his filthy hands on it!!! of course this post is purely speclative as i would always pay any taxes i was to owe.

Cheers Rick

novita77

Where do u live?

johnbuoy

Why not purchase Gold or Diamonds and bring it back with you, every piece of jewellery i purchase was worth 4 times the price i paid and also Persian Carpets are a good commodity if you get a source for them

rickyboy

Cheers Johnbuoy, i like the idea of buying loads of gold, although don't wanna look like p-diddy / daddy / divvy...

Rick

rickyboy

novita77,
currently i live in the uk but am moving to dubai in 2 weeks

Rick

johnbuoy

Just learn to Barter my boy!!!

TA5

do you have a job yet?

DubaiExpat

Have you looked into offshore accounts?

johnbuoy

I dont yet but am sweating on 2

Candour

You can set up a tax wrapper called a Personal Portfolio Bond (PPB).

In a PPB you can hold cash, bonds, managed equity funds, property funds etc...

The great thing about a PPB is that if it holds the correct types of assets it qualifies under UK life assurance rules allowing you to legally take 5% of its value into the UK each year as an income but free of income tax. Some even have credit cards attached so you can sneak the money in that way.

rickyboy

Candour ,

Thankyou very much that sounds perfect will start looking into that right away, i was also hoping my company in Dubai may have some ideas too,,

Thanks again i owe you a

Rick

Candour

Our company advises on these products - drop me a line if you want more info

[email protected]

rickyboy

Candour, thanks again mate i may drop you a line once over in Dubai.

Cheers Rick

Face81

snoop dog or ali g then?

bling! LOL

Gold or diamonds might be a good option though.

novita77

John... will not the immigration in UK stop u? And when they find the gold do u think they won't ask about the VAT tax???