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Topic: Offshore Accounts...  (Read 898 times)

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Offshore Accounts...
« on: November 06, 2006, 04:15:17 AM »
Hearing guya echo in my head first before even asking this question, that there are a million different variations that could effect this, I am looking for some general thoughts and advice on Offshore Pound Sterling Accounts.

Two thoughts, first would be, for the Average American who might have sources of income from outside of the UK, is there an advantage to having an Offshore Current Account (like in Jersey or IOM?), because I would only be generally taxed on the income that I remit to the UK, which would basically only money I spend from that account (directly or indirectly) in the UK.

Second, is that if you are self employed and have formed a UK Limited Company, again is there any advantage to having your business account offshore as well for an American?  I see that there are a lot of people who seem to espouse this, but I really don't know if there is an advantage there.
WARNING My thoughts and comments are entirely my own.  Especially when it comes to immigration and tax advice, I am not a professional.  My advice is to seek out professional advice.  Your mileage may vary!
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