We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Deferring tax
Options
lindabea
Posts: 1,530 Forumite
in Cutting tax
Hi, I think businesses can defer tax on profits to other years but is this also possible for people on paye? I would like to defer some investment interest earned during year 09/10 to the following tax year, as although my income will exceed the personal allowance for this year, I do not however anticipate that my income will exceed this level next year (due to interest rates being so low) Can someone please advise if this is legal?
Before doing something... do nothing
0
Comments
-
No it's not possible.0
-
Not possible as far as I know. You are liable to tax in the year the money is paid to you.
Try and put money into an isa as all interest and gains from an isa is tax free0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards