Search results
-
P
Tax minimisation in light of CFC rules [UK, contractor income, crypto trading]
So it seems that £500k/year is tax free, but only if that £500k can be classed as "accounting profits". This article defines accounting profits as follows: First it says that "accounting profits" are anything that would be taxed as income such (e.g. contractor fees?). But then it qualifies...- phrack
- Post #5
- Forum: Offshore Company
-
P
Tax minimisation in light of CFC rules [UK, contractor income, crypto trading]
I am a software contractor based in the UK. I also do some crypto trading on the side. I came up with the following tax minimisation plan: 1. Incorporate in Cayman/BVI. 2. Have contractor income paid into that company, and invest through this entity too. 3. Only pay myself enough to live on...- phrack
- Thread
- Replies: 7
- Forum: Offshore Company