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Income
Tax mitigation strategies are primarily concerned with avoiding income tax at the higher rate, currently 40%. The return on
attempting to avoid tax at the lower and basic rates are out of proportion to the effort.
Through the use of specialist
schemes, it is possible to mitigate all liability to income tax at the higher rate, and in some cases to obtain a rebate from
the Inland Revenue of all higher rate tax paid during the previous three years.
Whether income arises from earnings, the exercising of share options, property rental or interest payments, the higher rate tax liability may be mitigated entirely.
Some potential strategies for reduction of tax are listed below, but please contact us direct to discuss your own personal situation.
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