He's done nothing wrong (well not with his tax anyway ;) )

He invested in a fund and paid tax on the returns made. It just happens that fund was managed in Ireland and is therefore called an overseas fund. It's no different to choosing different ISA products. And there is no tax benefit to it being overseas as the returns would still need entering on his tax return...and they were entered not hidden off it.

Then he has inherited some money. ?200k which is under the amount that becomes taxable. Anyone can do that.

When it all kicked off I thought he'd been hiding money in sneaky bank accounts or something dodgy but no he's just followed the rules and paid his taxes...nothing to see here.

I am no fan of Cameron but he has been treated pretty badly and it's all ideological not because he's committed any tax offence.

If you use ISAs, collect childcare vouchers, get tax credit etc you are minimising the tax you pay. That's all he's done.

Posted By: Tony Martin, Apr 11, 18:08:18