Low capital gains rate and US location of funds mean tax bill of £508,000 much less than under top income rate of 45%
  • remotelove@lemmy.ca
    0·
    7 months ago

    For anyone not wanting to read into the Reddit thread and is also from the US, it seems the “normal” tax rate is ~40% for people in the UK. So, 23% is a fairly large tax break.

    I dunno how accurate that is, but if it’s wrong, Cunningham’s Law absolutely applies.