Originally posted by diseasex
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tax avoidance and evasion no longer exist
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Originally posted by d000hg View PostThey'd be stupid not to. The mega-rich might not particularly benefit but you're also confusing wealth and income in what I'm saying. A family who has £40k+ to put in long-term savings each year is very affluent.
The rich/wealthy people I know (and who are out of my league) invest their money themselves, mainly on property ventures or businesses, or they spend it on improving their standard of living.Comment
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Originally posted by diseasex View PostRetaining funds in the LTD is the king.
Only matter of time before they change capital distribution rules to prevent cash being split as capital gains, they've already done it for companies being sold, no reason why they would not do it for companies being liquidated.Comment
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Originally posted by AtW View PostAnd then what?
Only matter of time before they change capital distribution rules to prevent cash being split as capital gains, they've already done it for companies being sold, no reason why they would not do it for companies being liquidated.Comment
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Originally posted by ChimpMaster View PostYes perhaps if they're middle-class high earners then I see your point.
The rich/wealthy people I know (and who are out of my league) invest their money themselves, mainly on property ventures or businesses, or they spend it on improving their standard of living.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by AtW View PostAnd then what?
Only matter of time before they change capital distribution rules to prevent cash being split as capital gains, they've already done it for companies being sold, no reason why they would not do it for companies being liquidated.Comment
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Originally posted by northernladyuk View PostTo do this properly you need to offset profits against IP licensed from your offshore company.Comment
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Originally posted by diseasex View PostThere are ways to avoid tax, but with 17% I can bite the bullet and grow wealth wrapped in LTDComment
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Originally posted by northernladyuk View PostI guess in your case 17% of not much is sod all.Last edited by diseasex; 20 March 2017, 14:47.Comment
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Originally posted by diseasex View PostI was filling my isa to the max every year. but now with dividend tax rise etc that might not be the best option anymore.
Retaining funds in the LTD is the king.
Especially with lower CT coming next years
I thought that the 7.5% dividend tax didn't apply to ISAs, and lower CT won't help retained funds since you've already paid it at the prevailing rate?
Of course the dividend tax will cause the stock market to plummet, so you could shift to a buy-to-let and save tax.Comment
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