New Tax Stategy Added: Loss Companies or Trusts
This strategy involves directing business or investment income across to a taxpayer’s loss-company or trust. Loss companies and trusts are entities that have either unapplied revenue tax losses or capital losses. These losses may have been incurred as the result of previously operating a business at a loss or having investment losses on shares or property.
The losses in the company or trust are valuable if income can be diverted to the loss-company or trust.
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