I've copied Mike's list here and added 3 of my own to take it upto ten. I wonder if anyone can suggest any more:
- How do I become non-resident?
- More than 20% of the income of my company comes from letting an investment property, but the assets, time and expenses are all more than 80% trading. Will it qualify for entrepreneurs' relief?
- As a sole trader, can I claim the cost of my lunches back when I am out on business?
- I run a restaurant, and recently took a bottle of wine home to drink for my birthday. At what price do I have to account for it - the price on our wine list or the price in an off-licence?
- And what about the bottle of wine I took home last birthday - do I have to account for that at anything more than cost?
- My partner and I own a company in equal shares, but I have other income, I recently waived part of my dividend so that she could receive a larger one. Am I still taxable on it?
- Rather than do A which would have given me a tax liability, I did B C and D, which had the same combined effect but with no tax liability, on a literal reading of the tax legislation. Am I liable to tax anyway?
- How much tax will I save if I incorporate my business?
- How much of my car costs, mobile phone costs, home related expenses etc can I get off my tax?
- I'm not domiciled in the UK, is it worth me paying the £30k bung?
In any event, let's see how far we can extend this list.
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