Remittance basis users will wish to ensure that income and gains arising from their personal investments do not give rise to avoidable tax liabilities. For these purposes, investments can be grouped into three categories: suitable, possibly suitable and unsuitable. Investments within the second category require more consideration to ensure that they will not result in unexpected tax charges, whereas investments in the third category should generally be avoided. In all such cases, the suitability (or otherwise) of the investment needs to be weighed against potential non-tax advantages.
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Remittance basis users will wish to ensure that income and gains arising from their personal investments do not give rise to avoidable tax liabilities. For these purposes, investments can be grouped into three categories: suitable, possibly suitable and unsuitable. Investments within the second category require more consideration to ensure that they will not result in unexpected tax charges, whereas investments in the third category should generally be avoided. In all such cases, the suitability (or otherwise) of the investment needs to be weighed against potential non-tax advantages.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
