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  • Tax

    Tax Avoidance

    No offence taken. I didn’t say we don’t get creative.

    But we don’t entertain “contrived” schemes.

    Probably seen everything in the market but feel free to prove us wrong anytime.

    What do you have?
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    I’m not blaming you for the advice you give but surely you would admit that you have to play it safe so you don’t leave yourself open to huge claims. 

    It’s up to us landlords to investigate ‘schemes’ and get comfortable with any risk. I’d play it safe if I were in your shoes.
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    Not worried about the claims but more concerned for clients who get sold “schemes” that fail in the future.

    We’ve seen legacy schemes that end up in litigation and those that undertook them regretting it.  

    All we do is point out the pros and cons of strategies, emphasise the cons and let clients make a calculated decision to enter them or not.
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    I agree with both of you — obviously it’s important to be as creative as possible to reduce tax.

    But some schemes - while being sold as avoidance, are clearly going to be found to be evasion - and that will just mean paying hmrc more in the long run.

    So does anyone have any ideas to share? As I’ve looked a lot - and for someone living in the U.K, with U.K. property, and U.K. rent. I see no ideas.

    (If anyone has any ideas about money earned globally by advertising - and paid directly from Ireland to any country in the world - as a legal avoidance scheme. Let me know! ;-)
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