FAQ’s

Are these Tax Schemes legal?

Yes. Any one can use Tax Planning to reduce his own tax liability. This is known as tax avoidance. On the other hand, tax evasion is when a taxpayer deliberately hides his income and gains from the Inland Revenue.

Tax avoidance is legal, whereas tax evasion is illegal. We only deal with clients to avoid tax by tax planning.

Is the Inland Revenue aware of these schemes?

Yes. As required under new legislation in April 2004, each strategy is registered with the Inland Revenue. The Inland Revenue is fully aware of the strategies made available to you. The registration process enables the Inland Revenue to keep a track of ta

What is the fee?

Initial consultation is free. Fees become payable when the strategy is implemented. Fees vary from strategy to strategy employed. However, the tax savings achieved far outweighs the fee of the strategy implemented.

What do the fees cover?

All meetings and development time.
Implementation of the Strategy.
Dealing with any Inland Revenue correspondence arising from the strategy – irrespective of complexity or length of enquiry.

Many advisers provide Enterprise Investment Scheme (EIS), Venture Capital Trust (VCT), etc. How are your structures different?

EIS, VCT and few others are all tax incentive investments. In order to achieve tax savings of 20% or 40%, you can lose all if the investment goes bad. Our strategies are not investment based. Therefore tax payers achieve genuine tax savings.

How do I know that these schemes work?

Every scheme, before it is brought to the market, has sought up to date opinions from independent Tax Counsels. Once the Counsels’ opinion is favourable that it will work, the strategy is executed, otherwise it is not made available.

Why doesn’t the Inland Revenue legislate against these schemes?

The Inland Revenue does close such loop-holes. The Inland Revenue continuously tries to close structures in every budget, but by then tax payers will have enjoyed the benefit of the loop-holes.

What happens when the Inland Revenue closes the loop-holes?

The tax legislation is complex, and it is this complexity provides opportunities for new loop-holes. However, tax payers have to act quickly and take the advantage of current tax schemes before they are closed.

Is tax planning for big corporate and super rich?

No. Big corporate employ Big 4 Accountancy firms for their tax planning work, where the entry level is very high, and so are the fees charged for such work. Our approach has brought both these down, so as to be manageable by successful individuals and bus

Who qualifies for Tax Planning?

Any one with a significant amount of tax to save.

Individuals – 40% tax payers.
Sole Traders
Partnerships
Limited Companies with significant profits.
High Net Worth Individuals.

Any other questions?

If you have any question, which is not covered by FAQ’s, please email us your questions.