thewealthnet

Lights, camera, action! All your blockbuster private banking movies

Freddie Pooter, 14/09/2018

What a dashed pity that those elaborate tax-efficient film finance schemes have ended in tears.

As many as 500 investors, who put minimum of £100,000 into Ingenious's various film projects, are suing the firm after receiving huge tax bills from the HMRC, which called “it’s a wrap” and promptly sent the tax wheeze straight to DVD (dead, very dead).
 
So tragic. Various chums of ours at EFG, Goldman Sachs, Coutts, Barclays and Credit Suisse had personal investments in the scheme, as well as their clients.
 
We had all been enraptured by the Ingenious ...

Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com