IBC

What is an IBC?

An IBC allows you to buy property and protect assets away from UK government taxation by using an International Business Company.

This is also linked to a CIBC – Cyprus International Business Company. It is important to make the distinction here that this process is very well established, 100% legal and ethical way of mitigating tax liability.

In reality we in the UK pay 80% tax in every pound when you add up the various ways we are taxed on everyday things. Stop overpaying your tax now. Sort out your affairs and be set for life.

How Does It Work

  1. IBC can be managed – accounting included. The Company (not you) files yearly accounts.
  2. IBC is set up on your behalf,with bank accounts about 7 days. It creates a limited company structure which separates you from your tax liability by placing the company in between.
  3. Your bank account has credit cards/ internet banking, allowing you to move around cash, pay bills etc as per usual.
  4. The company assets become 'shares and are allocated to the company shareholders – you & any associates / family members.
  5. You can extract money via the cards /pin. You are the sole signatory.
  6. The company can be held and registered in Cyprus ( or other jurisdictions), but your accounts can be elsewhere. This protects your cash and assets by placing a wall between you and any tax searches. You qualify as non UK tax resident:- managed and controlled outside the UK.
  7. The company can obtain the income and profits. CIBC is subject to 10% tax- BUT- you can claim for almost any receipt as an expense thereby lessening your tax liability.
  8. You can carry losses forward year on year until paid off.
  9. The company can obtain the income and profits.
  10. CIBC is subject to 10% tax- BUT- you can claim for almost any receipt as an expense thereby lessening your tax liability.

Some Advantages Of An IBC

  • Buy property protected via a company IBC
  • Tax free; no capital gains, inheritance tax etc
  • Buy & protect your assets and deposit cash
  • Trade shares or Forex tax free
  • Easy internet banking and credit cards
  • Gives you more disposable income
  • Leaves you in full control of your assets
  • Keeps your family tax safe too

Some Facts About IBC's

  • Classed as offshore jurisdictions
  • Internationally recognised by treaties
  • UK legally accepted for tax mitigation
  • Own bank account and credit cards
  • Can be multi-currency accounts
  • Live anywhere & choose country to pay tax in
  • Run your business with minimal tax liability

*please take specialist advice before tax planning with IBC's. Our adviser can talk you through your own personal options.

Offshore Incorporation

Click on the picture to the right to open our ebook, which explains in more depth why IBC incorportation is such a great way to set up your tax affairs for life.

  

Important Info

The past is not a reliable indicator of future performance. Investments, by their nature, are speculative and can be volatile and you should never invest more than you can safely afford to lose.

Information is for general indication only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions.

Appropriate independent advice should be obtained before making any such decision. My Money Mentor do not accept liability for any loss suffered by readers as a result of any such decision.