Offshore bond tax warning

The move announced in the UK FInance Bill 2012 is an effort to stop investors being able to accrue deemed gains as a non-UK tax payer to later offset against actual gains as a UK tax payer once they’ve returned to the UK, . David Russell, senior executive officer Guardian Wealth Management Qatar, said: “Perhaps unsurprisingly, The Finance Bill 2012 has wielded its axe on ‘deemed gain tax credits’ for non UK tax residents investing in highly personalised offshore portfolio bonds.   Fortunately, the change in legislation only applies to new investors, rather than those with existing poli...