Well, you can also use the buy-borrow-die strategy in the US to avoid capital gains taxes.
Here in my adopted home of Singapore we don't have such silly things as capital gains taxes. Makes things a lot simpler for the average person who doesn't want to pay for the lawyers and accountants.
The average person doesn't pay capital gains tax - at least in the UK; there is a 12 3000 GBP allowance per year of gains which means that you need to have significant assets (think top 10% of the country) before it becomes an issue.
Here in my adopted home of Singapore we don't have such silly things as capital gains taxes. Makes things a lot simpler for the average person who doesn't want to pay for the lawyers and accountants.