Hi,
I'm about to invest, say €150k, in a foreign private firm which is outside of the EU for the medium to long term. The investment will hopefully pay out a distribution annually all going well, say €12k p.a., as well as the investment worth accruing over time (all going well).
I was wondering if anyone had comment on whether I should just manage tax returns in my own name via a Form 11 or is there a more tax efficient method of managing it.
I'm currently on the top rate of tax, but may take early retirement in the next 3-5 years.
I know the default response for this kind of question is, "talk to an accountant"....and I will do that but I'd like to get some opinions and different angles here first, if possible, so that I'm more aware of the different possibilities that are available.
Don;t know too much about this area, but I'm guessing the amount of €€ involved isn't really significant enough to warrant the cost of setting something more tax efficient up...whatever that might be.
Thanks
I'm about to invest, say €150k, in a foreign private firm which is outside of the EU for the medium to long term. The investment will hopefully pay out a distribution annually all going well, say €12k p.a., as well as the investment worth accruing over time (all going well).
I was wondering if anyone had comment on whether I should just manage tax returns in my own name via a Form 11 or is there a more tax efficient method of managing it.
I'm currently on the top rate of tax, but may take early retirement in the next 3-5 years.
I know the default response for this kind of question is, "talk to an accountant"....and I will do that but I'd like to get some opinions and different angles here first, if possible, so that I'm more aware of the different possibilities that are available.
Don;t know too much about this area, but I'm guessing the amount of €€ involved isn't really significant enough to warrant the cost of setting something more tax efficient up...whatever that might be.
Thanks