Archive for August, 2007

If you’re like most people, you have some good personal and financial records. It’s just that they’re in a dozen or more locations known only to you.

I grew up in a household where it was not unusual for my mom to be frantically running around “Where is my purse?”, “Where are my keys?”, and “Where are my glasses?”. Perhaps that can explain why I have adopted the keep it simple principle. When I enter my home, my keys, purse, and glasses are placed on the counter in the (more…)

IBC or International Business Corporation is an offshore company, registered in an offshore location or in a country other than the country of origin. If youre an IBC, you can invest in property, open offshore banking accounts and enjoy several other benefits as well. In the last decade or so, laws and regulations have changed in the real estate sector for IBC. For example, earlier it was difficult to purchase property in the United Kingdom as an investment or selling the same (more…)

Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield 3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the 300,000 threshold after your de (more…)