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Originally Posted by Webby
Damned good place for investment Coatsy - especially if you want to live there. There were several places specifically mentioned in serveral economic reports for top investment return - one was Asia in general, another was in Latin America (specifically Costa Rica and Panama).
I'm in Costa Rica now and looking generally at a 50% return on investment annually (land holdings) - and no signs of any change on that.
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50% ! Thats incredible !
Thats the thing about land as an investment, last time I checked they aint makin anymore of it
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Originally Posted by Webby
By targetting a few specific Asian countries and doing some research - I'd think you could hardly go wrong - but getting a return far higher than anything possible in the UK or most other "civilized countries" (and often tax free).
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Great to know
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Originally Posted by Webby
Coatsy:
BTW.. You are one of the lucky guys
Being a UK citizen you have total freedom to move/live wherever you like and are not "answerable" to the UK for loads of stuff - including domestic taxation.
Bottom line is - you can live or operate in a low or no tax area and just bank the money or profits from investments - and don't need to account to anyone
Wish I was still 22 and had this mobility/net option then lol |
I'm glad I wasn't born in "The land of the free" that have tax treaties with just about every country in the world
I consider myself very lucky, not just in respect to what you posted above but also because I'm from Northern Ireland I'm entitled to duel citizenship (Ireland & Britain) Who would have thought coming from an area of conflict could have had such benifits in the end
I think the law states that if i live outside the UK for 9 months or more each year then I'm not liable to pay income tax to the UK, please correct me if I'm wrong Webby. I'm sure you know the exact details
I'd love to get up and leave a.s.a.p but I'm trying to get onto the property ladder in Belfast this year. I still want to live in Belfast at least during the summer months, home is where the heart is
Well.... Until you experience somewhere better !
Thanks for your time, your a legend