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Where Taxpayers and Advisers Meet

Minimising Income Tax on UK Inherited assets

dominoman
Posts:60
Joined:Fri Jan 15, 2016 6:41 pm
Minimising Income Tax on UK Inherited assets

Postby dominoman » Mon Oct 05, 2020 7:43 am

I am about to receive a fairly substantial portfolio of shares (listed AIM and FTSE) and shares in unlisted private companies & startups as part of an inheritance. I’m wondering what I should do with these to minimise future income tax.

I currently live in Dubai so am non-UK resident for tax purposes. However I pay UK income tax on my shares income and on our UK family house which is rented out.

Once I inherit these shares is there any way I can avoid paying income tax on the income from them without selling and buying again offshore? They are held in an account at Hargreaves?

Thanks

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