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If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
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Wealthy find new tax loopholes before Ossie relief cap bites.
Rich investors are preparing to shelter millions of pounds from the Tax man next year despite
the government introducing a cap on tax relief.
Ossie announced a year ago he would limit the amount people could offset their tax bill by the
greater of £ 50,000 or a quarter of their income.
Ossie`s cap was to stop hundreds of rich investors avoiding tax by creating artificial losses set
against other income.
However finance johnnie Tim Levy of Future Capital Partners has devised a scheme to scupper
Ossies plans for a futher 12 months.
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