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creative ways to reduce tax on business profits

mubeye · 2017-03-12 19:31:34

I have about 10k a month profit coming out of a business have no immediate need for. Any ideas what I can do to reduce tax,ideally by increasing 'expenses', presuming i might want to get the cash in 5 or 10 years. Should i just take as dividend? understand buying property is not tax deductable. What could i spend the cash…

Comments

TheCyclingProgrammer Posts: 3,702 Forumite

13 March 2017 at 10:18PM

kidmugsy wrote: »

Next time you want to study have the company pay the fees. How about an immersion-in-French course in Paris?

You'll be taxed on the benefit so don't really see the advantage in this, if you're being serious.

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