Top positive review
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Avoid not Evade...Its legal....and profitable
on 7 July 2013
I loved the cover of this book - the gun pointing at the piggy bank symbolises the real threat capital gains tax can be to your savings, unless of course, you know how to make the system work for you. It's important to remember that the law on taxation is there to protect the country against tax abuse, but this guide is all about how to make sure the rules governing how much tax you should pay are used to ensure you pay as little as legally possible.
And this is not just tax avoidance; after all, who wants to give up their hard earned cash to the Inland Revenue if it can possibly be avoided? This book explains in great detail how to minimise your liability. Lee Hadnum, an experienced legal and chartered accountant explains how to go about just that. Starting with a discussion about the main exemptions, he then goes on in more detail to cover such topics as moving abroad, annual exemptions, and even offshore trusts. I think it would be difficult to find another reference source so well written and so straightforward to understand. CGT is a complex topic, but Hadnum takes the sting out of understanding the detail. The actual calculation of liability is easy enough to make, but the allowances and possible exemptions are numerous, and whilst there's probably no substitute for good professional advice for each individual case, knowing a bit about the law never does any harm.