| Tax relief on peerages. [message #375691] |
Mo, 27 März 2006 22:08 |
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If I buy a peerage is it tax deductable?
(Not that I actually pay tax anyway).
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| Re: Tax relief on peerages. [message #375692 ] |
Mo, 27 März 2006 22:27 |
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Emperor's New Widescreen <me [at] invalid.net> wrote:
> If I buy a peerage is it tax deductable?
> (Not that I actually pay tax anyway).
Depends.
Was it aquired 'wholly, exclusively and necessarily' for the purposes of
your trade?
Maybe it's tax deducatable as 'subscription to memebrship of a
professional body' in some quarters.... :->
rgds, Alan
--
99 Ducati 748BP, 95 Ducati 600SS, 81 Guzzi Monza, 74 MV Agusta 350
"Ride to Work, Work to Ride" SI# 7.067 DoD#1930 PGP Key 0xBDED56C5
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| Re: Tax relief on peerages. [message #375697 ] |
Di, 28 März 2006 00:43 |
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"Alan Frame" <alan.frame [at] acm.org> wrote in message
news:1hcvn47.fdo2ck1l6efi8N%alan.frame [at] acm.org...
> Emperor's New Widescreen <me [at] invalid.net> wrote:
>
>> If I buy a peerage is it tax deductable?
>> (Not that I actually pay tax anyway).
>
> Depends.
>
> Was it aquired 'wholly, exclusively and necessarily' for the purposes of
> your trade?
>
> Maybe it's tax deducatable as 'subscription to memebrship of a
> professional body' in some quarters.... :->
Hrm, what about Gift Aid?
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| Re: Tax relief on peerages. [message #375921 ] |
Do, 30 März 2006 01:58 |
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On Mon, 27 Mar 2006 20:08:34 GMT, "Emperor's New Widescreen"
<me [at] invalid.net> wrote:
>If I buy a peerage is it tax deductable?
>(Not that I actually pay tax anyway).
>
No. It's a criminal offence.
But it will be one of those crimes that the Police will not bother to
prosecute because they're too busy sat around doing nothing.
You may hear rumours of an investigation but I doubt that Tony Blair
will end up in jail no matter how clear cut the evidence.
--
Peter Saxton from London
peter [at] petersaxton.co.uk
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| Re: Tax relief on peerages. [message #375983 ] |
Do, 30 März 2006 23:39 |
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"Virgil's Ghost" <no [at] spam.com> wrote in message
news:fUZVf.155234$NN1.79167 [at] fe12.news.easynews.com...
>
> "Alan Frame" <alan.frame [at] acm.org> wrote in message
> news:1hcvn47.fdo2ck1l6efi8N%alan.frame [at] acm.org...
> > Emperor's New Widescreen <me [at] invalid.net> wrote:
> >
> >> If I buy a peerage is it tax deductable?
> >> (Not that I actually pay tax anyway).
> >
> > Depends.
> >
> > Was it aquired 'wholly, exclusively and necessarily' for the purposes of
> > your trade?
> >
> > Maybe it's tax deducatable as 'subscription to memebrship of a
> > professional body' in some quarters.... :->
>
> Hrm, what about Gift Aid?
>
No - if you make it a loan you can offset interest charges against necessary
purchase of wigs and gowns etc.
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