.png)
.png)
It strikes me that many wealthy clients are going to be suggesting cunning plans to avoid paying 50% income tax on some of their earnings after
5 April 2010.
I have a client who earns a £200 000 salary in the city; he also has his own property company which rents out eight flats to tenants.
He is the sole shareholder of this company. A tenant in one of the flats is his new girlfriend (no marriage plans on the horizon) and in another flat is his best friend. My client treats his best friend to various trips to football and other events because he has financial problems.
He pays for a lot of social trips for his girlfriend as well. My client has asked if the expenses for these social events could be processed through the company as ‘entertaining’ a client.
He acknowledges that the cost will...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
