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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
How can i avoid paying capital gains tax? |
How can i avoid paying capital gains tax? 1 don't have any capital gains 2 don't declare them 3 become an MP - they are all corrupt and avoid taxes 4 become a member if the royal family - see 3 5 there are tax wheezes to eliminate substantial capital gains - generally involving the manufacture of capital losses that you haven't actually made Donate the house to charity. The standard things for short-term gains. For long-term gains, sell some of your other positions that are losing money to get some capital losses to offset the gains. Depending on where you are a good strategy involves some sort of structure where you can be at an arms length of whatever you want to avoid paying taxes on. Sometimes a good offshore structure can do the trick, but we're talking expensive in most cases. At least for a structure worth the hassle. Sure offshore is cheaper now a days, but it's still not the first answer for the regular Joe. I'd recommend that you contact your accountant or your financial adviser in order to get something that can do the trick. www.gloscorp.com i think puting something in the church name they pay only 1% Don't sell the property, or gift it away, like to your children or parents with no income, and make them pay the tax at their rate. |
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