/biz/ - Business & Finance

>>53411880
they know not

>>51372046
UK inheritance tax is literally an idiot tax. If you're above the inheritance tax threshold you simply:
>1. Start a Ltd company that you can show does something - most people just buy and sell cars so we'll use that as an example
>2. Make your kids directors of that company and pay them an annual salary of £12,570 which is the tax free threshold for income tax
>3. Start investing your money into the company
>4. Buy a few high value cars and quickly sell them second hand. Ideally you want to break even to avoid paying corporation tax on profits. The key thing is to just have a company revenue, no need for profit.
>5. At the end of the financial year pay them a dividend of £37,699 Including their tax free standard earnings this takes their annual income to £50,269 of which the £12,570 salary + £2,000 dividend is tax exempt
>By keeping the total income below £50,270 they only pay the basic rate of dividend tax which is 8.75% on which is £3,123.66
>Using this method you effectively reduce your inheritance tax rate from 40% to 6.2%
This is completely legal and before you ask why yes I am indeed jewish

>>27733850
Dunk'd on

>>25267842

Ill bet your brokerage loves you.

Anyone else excited to buy more chainlink for cheap?

>>20566448

Excellent

>>19535657
I hope

>>19187643

I Believe You

OH RLY?

>>19026673

Patience Young Goy