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The excess cash from the sale of Tracey’s UK main home and buy-to-let portfolio plus her Isas could be invested in a Maltese compliant offshore life insurance contract.

Any ‘profits’ from investments held within the policy are regarded as capital gains (rather than as in the UK, where it is deemed income), which can be remitted to Malta without a tax charge.

Tracey will need to obtain financial advice from a regulated firm, authorised to provide advice in this area, with advisers holding the required professional qualifications, and with the necessary Maltese tax knowledge.

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Tags: Blevins Franks | Jason Porter | Malta