So you are a sole trader or director of a small limited company or are part of a partnership or have grown your business beyond the size of the ubiquitous SME. Well done you!
The other things you have are a healthy profit and sadly a healthy corporation tax bill from HMRC.
Tax reduction strategies will reduce and even remove corporation tax.
Well, we can perfectly legitimately remove as much of that profit from the company as you want us to and place it inside a tax protected structure called a
Remuneration Trust which is a very particular type of tax strategy. The contributions you make to this wonderful structure are wholly deductible against corporation tax by statute. In its new home the money can grow completely tax free and can be invested in whatever you decide to invest it in, so property at home or abroad, a yacht or a
Bentley Continental - or it can enhance your lifestyle tax free in lots of other ways too. Here's a brief
information sheet about the Remuneration Trust. You could also use an
Employer Funded Retirement Benefit Scheme too, or share in a Grouped or
Umbrella scheme.
Tax reduction strategies will remove or reduce corporation tax and dividend tax and income tax.That means you don't have to pay yourself such a large salary or dividends and that means far less income tax and no dividend tax too of course. It also means that you can buy and sell assets without worrying about capital gains tax and because you don't own any of these assets yourself there is no liability to inheritance tax either. So why not
buy that Jaguar then?
And when you die your beneficiaries just pick up where you left off, managing, controlling and enjoying the asset share you have allocated to them completely tax free.
Too good to be true? Not a bit of it, that's wealth protection in action!
That's what tax reduction strategies do for you.