All posts by Chris Ferguson

Chris Ferguson

About Chris Ferguson

Chris formed Credence to bring credible financial advice to the offshore marketplace. Chris has been in financial services throughout his whole career, with experience in the GCC, United States, United Kingdom and Australia. Chris entered the financial services sector to enable as many people as possible benefit from freedom and choice in life by making good decisions rather than experiencing stress and anxiety over money.

Oil And Gas Workers Face Massive Ta...

WATFORD CITY, ND - JULY 23:  Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota.  North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil.   (Photo by Andrew Burton/Getty Images)

Thousands of oil and gas contractors accused of involvement in a tax avoidance scheme have received demands for cash from HM Revenue & Customs (HMRC). More than 22,000 contractors who sheltered their earnings offshore in now outlawed employment benefit trusts more than seven years ago are now paying the price for breaking tax rules. Accountants … Continue reading Oil And Gas Workers Face Massive Tax Demands

CGT Cases Muddy Rules For Expats Se...

12185_big

Qualifying for capital gains tax breaks as an expat is even more complicated following the latest legal rulings in the UK. Capital gains for expats became an issue from April 2015 when Chancellor George Osborne reversed the law allowing non-residents to sell assets in the UK without paying CGT. Since then, non-residents selling residential property … Continue reading CGT Cases Muddy Rules For Expats Selling UK Homes

Cash in the bank or invest? Look to...

download-11

The phrase “the rich just keep getting richer” wasn’t coined as a result of over-generous tax breaks, courtesy of global governments keen to keep their country as attractive as possible for the super-wealthy. It is actually the investment trends and decisions made by the exclusive “1%” that is the main contributor to their growth in … Continue reading Cash in the bank or invest? Look to the 1% for inspiration