Beware of Schemes to save you Tax
Many tax saving planning schemes have been tried over the years, many well known stars have invested huge sums in the hope of saving income tax, HMRC are very successful of resisting these claims, in recent years the Eclipse Scheme, Liberty scheme, K2 scheme.
The old adage “ If it seems too good to be true it usually is “comes to mind and It is always best to take advice from Red Tulips Chartered Accountants before considering any tax scheme.