Hello Everyone,
The original title I wanted to put here was "An Effecient means of investing in property, equities but giving as little as possible to the tax man!"
I have invested in property in Hungary and in equities through an online broker ... I see that people online here had read the "rich dad poor dad " books and so forth. One thing he recommends is to set up a company to put all you assets into so that you can offset all you expenses and look after yourself first and pay the taxman last.....
Has anyone on here tried doing this..setting up a company or is a sole trader/partnership better for a married couple? I do have a day job where I work as a PAYE but wouldnt mind being to be able to get of the rat race some day by reducing my tax bill due to investments would be one step in the right direction...
Any ideas here would be appreciated
Probably need to go to an accountant - anyone recommend a good accountant in the Cork area !!!
The original title I wanted to put here was "An Effecient means of investing in property, equities but giving as little as possible to the tax man!"
I have invested in property in Hungary and in equities through an online broker ... I see that people online here had read the "rich dad poor dad " books and so forth. One thing he recommends is to set up a company to put all you assets into so that you can offset all you expenses and look after yourself first and pay the taxman last.....
Has anyone on here tried doing this..setting up a company or is a sole trader/partnership better for a married couple? I do have a day job where I work as a PAYE but wouldnt mind being to be able to get of the rat race some day by reducing my tax bill due to investments would be one step in the right direction...
Any ideas here would be appreciated
Probably need to go to an accountant - anyone recommend a good accountant in the Cork area !!!