Income, capital gains and how to beat the 50% top tax rate
Thursday, November 19, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
CGT,
Sue Knight,
income,
capital gains,
taxpayers,
discretionary cash bonus schemes,
conversion,
employee incentive plans,
cash balances,
equity reward plans
Avoiding the new 50% income tax rate by converting income into capital is likely to be a top dinner party discussion for the wealthy right now. From 6 April 2010, individuals with income above £150,000 will be taxable at 50%. By contrast, as noted in
