Saturday 5 July 2008

 

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Liz Anderson

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Diary

Diary

Wednesday, 31st October 2007

Michael Winner on his dealings with the revenue and his diet book

Can anyone lend me quid or two? For the first time in my life I’m borrowing money. Mortgaging property. Scrabbling around for cash so I can live my lavish life-style. In case any of the firms I have accounts with are getting worried, please don’t. I have many, many, many millions of pounds in what is laughingly known as a rollover fund. Mine’s in Guernsey. This turns cash into shares but your money is only put on the money market so there’s no risk. Instead of interest you get extra shares. When you eventually sell you pay around 25 per cent tax because it’s reckoned you’re cashing part of the increase and part of what you originally put there.

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