Crosswords1 min ago
Happy New (Tax) Year
11 Answers
Remember ...
Keep a thorough note of your expenses ...
Re-invest any potential profits into deductible capital expenditure ...
And ... if you are still left with a taxable sum ... buy a football team ! ... (or shares in AnswerBank)
Happy New (Tax) Year ... x
Keep a thorough note of your expenses ...
Re-invest any potential profits into deductible capital expenditure ...
And ... if you are still left with a taxable sum ... buy a football team ! ... (or shares in AnswerBank)
Happy New (Tax) Year ... x
Answers
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Put it offshore.
You still have to pay tax on the interest, but ... you can defer the tax for 10 years. This means that, once your first year's interest has been calculated, that money continues to earn interest on the interest, and on the tax, for another 9 years ... with no additional charge by the tax authorities.
Put it offshore.
You still have to pay tax on the interest, but ... you can defer the tax for 10 years. This means that, once your first year's interest has been calculated, that money continues to earn interest on the interest, and on the tax, for another 9 years ... with no additional charge by the tax authorities.