Introduction:
This is the most sensitive area of tax planning. A large number of planning tools are defined as "schemes" (i.e under the DOTAS rules, they have to be disclosed to HMRC). Currently we have no planning tools that fall under this "scheme" definition - which is great news in what is normally seen as a high risk area of planning.

It is always better to avoid earning the income in the first place - which is where we can assist with company planning instead of individual tax issues.

We do have 2 personal investments that give rise to an income tax "loss" - which can be used to reduce your taxable income for 2009/10 and 2010/11.

There are 3 main areas where we can offer assistance with reducing or avoiding income tax.
The following are the main options:

	Where an offshore asset (or offshore company/project) is going to generate an income in the future - we can set up a structure now that avoids the need to suffer income tax on the money earned (This uses HMRC approved structures and is not simply an offshore company).
	Where a NEW UK contract or job is planned and income is in excess of £150,000 - we can put planning in place to mitigate the tax on the future income stream. This planning uses standard accounting rules and is not "scheme" based.
	Using GAAP (Generally Accepted Accounting Principles), we can create a LOSS that can be offset against income earned in 2009/2010 and/or 2010/2011. One major advantage of this planning is that it might ALSO generate a commercial PROFIT. (There are 2 Options here)
If you have income in excess of £150,000 and wish to talk, please do not hesitate to get in contact for a confidential conversation.