| |
| The
Bluffer's Guide to Tax | | By
A. J. Carroll | | | | Extracts
from the book | |
| | | Tax
bills | | Individual
tax losses are a bluffer's delight. Can you convince the Revenue that your expensive
hobby is a loss-making business, and thus reduce your overall tax bill? To succeed
you will need to show you tried to make profits, but if you make losses for too
many years, the inspector will call your bluff. |
| | | Complicated
calculations | | Small
gains, up to an annual tax-free amount, are often excluded from tax. This is because
the tax is so horribly complicated, even the Revenue do not want to work out the
sums. | | |
| Unrealised
gains | | Gains
can be either realised or unrealised. If you sell an asset at a profit, this is
a realised gain. If the asset has gone up in value, but has not been sold, you
have an unrealised gain. Such an asset can be described as 'pregnant with gains'.
It means that gains exist but have not yet been delivered. |
| | | Capital
allowance | | Hundreds
of cases on capital allowances have come to court. Many tell you little about
tax but a lot about taxpayers' persistence and ingenuity. For example, the Revenue
have succeeded in proving that stallions, wallpaper pattern books, floating restaurants,
quarantine kennels, and inflatable tennis court covers are not plant and machinery. |
| | | Reviews |
|
| | | This
little book, written by a tax adviser, is full of subtle humour and lateral thinking.
Its value should not be underestimated, though, as it gives a readable explanation
of all the main taxes and duties, laced with the right amount of humour. |
| Taxation |
| | | I
was once told that the only certain things in life were death and taxes. Neither
of which are funny. But The Bluffer's Guide to Tax is mortifyingly funny.
Worth every penny and write it off too. | |
A
reader from London, England | | |
| Table
of Contents | |
| | |
The Basics The
Famous Five
Income Tax
Corporate Tax
Capital Gains Tax
Value
Added and Sales Tax
Death Duties Minor
Characters
National Insurance Contributions
Property Taxes
Stamp
Duty
Other Taxes Tax
Reliefs
Tax Planning
Tax Reclaims
Tax Shelters
Tax Exile
Artificial Tax Planning Schemes International
Tax Structures
Vehicles
Passengers
Tax Havens
Networks
Residence Tax
Professionals
Personalities
Inland Revenue
Customs & Excise and
the CA
Tax Advisers
Buying Tax Advice
Accounting for Tax Understanding
Tax Law
Accessibility
Taxspeak
ForSelf Assessment Avoiding
and Evading
Tax Avoidance
Tax Evasion
Investigation
Justification
Complaining
Negotiation Glossary
| | |
| |
Fortune
Telling
