If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway).
E Emperor's New Widescreen Mar 27, 2006 #1 If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway).
A Alan Frame Mar 27, 2006 #2 Emperor's New Widescreen said: If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway). Click to expand... Depends. Was it aquired 'wholly, exclusively and necessarily' for the purposes of your trade? Maybe it's tax deducatable as 'subscription to memebrship of a professional body' in some quarters.... :-> rgds, Alan
Emperor's New Widescreen said: If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway). Click to expand... Depends. Was it aquired 'wholly, exclusively and necessarily' for the purposes of your trade? Maybe it's tax deducatable as 'subscription to memebrship of a professional body' in some quarters.... :-> rgds, Alan
V Virgil's Ghost Mar 27, 2006 #3 Alan Frame said: Depends. Was it aquired 'wholly, exclusively and necessarily' for the purposes of your trade? Maybe it's tax deducatable as 'subscription to memebrship of a professional body' in some quarters.... :-> Click to expand... Hrm, what about Gift Aid?
Alan Frame said: Depends. Was it aquired 'wholly, exclusively and necessarily' for the purposes of your trade? Maybe it's tax deducatable as 'subscription to memebrship of a professional body' in some quarters.... :-> Click to expand... Hrm, what about Gift Aid?
P Peter Saxton Mar 30, 2006 #4 If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway). Click to expand... No. It's a criminal offence. But it will be one of those crimes that the Police will not bother to prosecute because they're too busy sat around doing nothing. You may hear rumours of an investigation but I doubt that Tony Blair will end up in jail no matter how clear cut the evidence.
If I buy a peerage is it tax deductable? (Not that I actually pay tax anyway). Click to expand... No. It's a criminal offence. But it will be one of those crimes that the Police will not bother to prosecute because they're too busy sat around doing nothing. You may hear rumours of an investigation but I doubt that Tony Blair will end up in jail no matter how clear cut the evidence.
D DaveJ Mar 30, 2006 #5 Virgil's Ghost said: Hrm, what about Gift Aid? Click to expand... No - if you make it a loan you can offset interest charges against necessary purchase of wigs and gowns etc.
Virgil's Ghost said: Hrm, what about Gift Aid? Click to expand... No - if you make it a loan you can offset interest charges against necessary purchase of wigs and gowns etc.
