I notice a lot posts where people alude to non payment of tax. This is most noticable on property transactions (stamp, cgt, rental income) but this is possibly due to property's prominance as the investment du jour.
I personally know of people renting out, and not living in, their newly bought PPR, taking huge risks for what I perceive to be a relatively low return (untaxed rental income only just above rent a room threshold v having to pay stamp + fines/interest). People who've fiddled the numbers paid for a property to stay below stamp thresholds with the apparent complicity of the solicitors.
This is in spite of the highly prominant tax amnestys and prosecutions stemming from the 80's.
Despite the fact that we've one of the lowest PAYE tax regimes around there still seems to be a compulsion to avoid paying tax where possible.
I'm not referring to legitimate tax avoidance schemes, whether they are merited or not.
I personally know of people renting out, and not living in, their newly bought PPR, taking huge risks for what I perceive to be a relatively low return (untaxed rental income only just above rent a room threshold v having to pay stamp + fines/interest). People who've fiddled the numbers paid for a property to stay below stamp thresholds with the apparent complicity of the solicitors.
This is in spite of the highly prominant tax amnestys and prosecutions stemming from the 80's.
Despite the fact that we've one of the lowest PAYE tax regimes around there still seems to be a compulsion to avoid paying tax where possible.
I'm not referring to legitimate tax avoidance schemes, whether they are merited or not.