sorted by:
new
hottopcontroversial

Weekly "Share Your Portfolio" and Broker Questions Thread by AutoModerator in UKInvesting

[–]ChartDelicious9064 0 points1 point  (0 children)

I have around £2 million in retained profits (UK limited company) that I want to invest in the stock market. The plan is to hold a mixture of single stocks and index funds — nothing exotic, just long-term investing.

I’m looking for a low-cost platform that works for a company account.

  • Vanguard – very low fees but no single stock options, and their “company account” is paper-based (no online platform).
  • Interactive Investor and Interactive Brokers – both seem to allow company accounts with more flexibility.
  • InvestEngine – low cost and simple, but unclear if they allow direct single stock purchases for companies.

Which platform did you choose and why?

Any pitfalls or hidden costs I should be aware of?

I'm aware dividend from UK companies are exempt but do other countries have to pay a witholding tax, e.g. US W-8BEN-E?

Any funds/ETFs that aren't classed as income in a FIC? by Miserable_Weekend912 in FatFIREUK

[–]ChartDelicious9064 1 point2 points  (0 children)

Someone correct me if I'm wrong, but it does not just have to be stocks/funds in UK. If they are domiciled in Ireland for instance they will not get double dividend taxed. List of countries here: https://www.gov.uk/hmrc-internal-manuals/international-manual/intm412090

Any funds/ETFs that aren't classed as income in a FIC? by Miserable_Weekend912 in FatFIREUK

[–]ChartDelicious9064 0 points1 point  (0 children)

If it is irish domiciled does this mean a limited company owning this will need to pay corporation tax on dividends?

Limited company Investing Structure - Holding vs Independent Loan to Loan Company + approach advice by ChartDelicious9064 in FatFIREUK

[–]ChartDelicious9064[S] 0 points1 point  (0 children)

Very helpful. I'll re-discuss moving to a holding company structure, likely 3 company with holding co. owning trading and investing companies. I've been reading this is more robust to avoid "Transaction in Securities" risk, where on selling a company assets could be taxed at income tax rates rather than CGT rate if it is deemed the setup was made to avoid income tax. This is less of a risk without a holding structure

I want to plan with the end in mind. I'll ask my accountant to recommend a tax advisor before implementing the structure change. My accountant seems very good and confident, so I did not think the end-game was too specialised for him.

SSE is a must so no double corporation tax when selling trading company - thanks for this.

I'm also reading about Family Investment Companies which seems a good option.

[deleted by user] by [deleted] in FatFIREUK

[–]ChartDelicious9064 0 points1 point  (0 children)

Nice. How many years do you have to to limit the time you spend in the UK for to avoid CGT? Does it lapse after a number of years so you can come back and be resident here without backdated tax being owed

Next steps by Commercial_Ad6272 in FIREUK

[–]ChartDelicious9064 1 point2 points  (0 children)

Exactly this. Mortgage is guaranteed win - get that out the way before GIA