Hi there property gurus! I am considering setting up an overseas property investment company- i have an idea on how to make this unique but at present am talking to banks etc so obviously I won't go into details. My question is this- it is my understanding that if i move to isle of man and set the coy up i will not have to pay CGT on any properties I make a profit on- except of course for the CGT in the particular country i invest in. Is this correct? Thanks

It is my understanding that as soon as you become resident in the Isle of Man, you can sell as many investment propeties in UK as you want completely free of CGT. This however is on condition that you remain non-UK resident for a minimum of five years.You can however visit for a max of 91 days pa. Why would you want to set up a company ?

Why would you want to do all this rather than refinance and keep the property as well as the lolly? I prefer to drink milk every day than shoot the cow. The beauty of the UK market is that you can do this so easily, based on the property's income not yours. It's why I am not looking overseas at the moment because I can't do that in CEE and don't have the money available to do otherwise.