Tax dodge of the week: cut your tax bill like a private equity boss
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Private-equity bosses are under fire for paying almost no tax, but while the way they use tax breaks is “peculiar to them”, ordinary investors can benefit from the same techniques, says David Budworth in The Sunday Times. One perk they use is business-asset taper relief, which is “easier to take advantage of than many people imagine” and can slash the tax bill on your profits from 40% to 10% in just two years, says John Whiting at PricewaterhouseCoopers. Qualifying investments include farmland, shares in your employer or small private firms, Aim-listed stocks and holiday homes.
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