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What you mean spend money in the UK (or another onshore jurisdiction).
It's all well and good amassing wealth offshore to reduce the impact of tax on your wealth generation and give you options. But if you live in the UK and you plan to spend that money, at some point then you need to bring that money onshore.
hugo7-
Why would you need to bring it onshore?
You can buy just about anything with offshore money and claim it's an offshore asset either owned by you with non-dom status or owned via an offshore company you own majority share in and then it just stays offshore. Offshore goes beyond physical locations such as Crickhowell.
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. But if you live in the UK and you plan to spend that money, at some point then you need to bring that money onshore.
(Crudely simplified.)
Borrow against the money offshore
Invest the borrowed money to make more money
Use the profits of the borrowed money to pay the interest and repay the loan so no new tax is liable (as all profits are taken up by interest and capital repayments)
Eventually an onshore entity is left owning the assets you invested in, all from onshore moneyWelcome to finance. You make money, the accountants/financiers make money, the Government doesn't make any money. Trebles all round.
Clockwise
Greenbank
Why would anyone be dumb enough to do that?
Oh and Crickhowell.