Property News · April 24, 2012

How the wealthy avoid paying tax


You too can ‘shock’ George Osborne by utilising some common and legitimate methods to minimise your taxable income and maximise your take-home payRecent weeks have seen a spate of stories about wealthy individuals trying to reduce their tax bills (much to George Osborne’s surprise). The latest features a film investment scheme, Eclipse 35, on which HMRC refused to pay tax relief – bad news for some famous names, according to reports. But other people have been more successful in their attempts to pay less tax. So how exactly do they do it? Here are few of the common methods used to cut the amount that ends up in the taxman’s coffers. Continue reading…

Source : theguardian.com
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