Here's the problem:
I'm getting about 37K euro (£26K) as a gift from my father, as a little help with a deposit. Now, I'm not planning on buying the next few years, so I need to invest it.

As I'm a UK higher tax rate payer, but domiciled in belgium I have a nice tax loophole to exploit: no tax paid on income made abroad. Additionally, I can play the stock market pretty much tax free, by trading on a US market, with a US brokerage account against my belgian adress, from the UK.

Problems:
- Getting that money into the UK, without getting taxed on it or the interest on it.
- Finding a reasonably risk free [a condition of attachted to the gift] inflation busting investment vehicle.


Here's a few of the assumptions I'm making:

- The pound is overvalued to the euro. [Economists big mac index is an example]
- Britain eventually will join the Euro zone.
- Buying the next 2-3 years won't happen.
- I may not buy in the UK if a crash doesn't materialise
- I may leave the UK permanently over the next 3-5 years.

Therefore:

- I am keeping the money in Euros and need a eurozone investment.


Any suggestions?