UK tax regime hits demand for offshore insurance products
The tax system in the UK has reduced demand for structured products as offshore insurance contracts. “Buying an offshore bond gives investors many tax advantages, but if you include in this personal portfolio notes or other instruments that can raise eligibility issues, then all the advantages disappear,” says Fernando Gasca, head of structured products banking at Cater Allen in London.
“Insurance contracts that are ‘personal portfolio bonds’ for tax purposes suffer adverse tax treatment,” says
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