Hunt the Budget

[JonathanM]

Why is motorbiking pretending that avoiding tax is not tax avoidance?

It's not tax avoidance, though. It's a tax saving. Albeit one that only a very few people will ever be able to take advantage of.

 

[motorbiking]

Why is motorbiking pretending that avoiding tax is not tax avoidance?

Like an ISA you mean?

 

[motorbiking]

It's not tax avoidance, though. It's a tax saving. Albeit one that only a very few people will ever be able to take advantage of.

tell me your budget - and I will help you

 

[JonathanM]

tell me your budget - and I will help you

I hate sailing!

 

[motorbiking]

motorboats are allowed too and plenty just keep them in marinas as holiday homes.

 

[denso13]

I hate sailing!

It works the same for any export of anything. I don't know why boats are special, unless we just need to know they are expensive and he has one.

 

[carmanmemoranda]

Like an ISA you mean?

Different things and you know it

Isa's were introduced to encourage savings. I don't see the purchase of luxury row boats in the same league, do you ?

 

[carmanmemoranda]

It's not tax avoidance, though. It's a tax saving. Albeit one that only a very few people will ever be able to take advantage of.

If its a legal reason to avoid paying, then you can call it what you want

But it's tax avoidance in anybodys book

 

[JonathanM]

motorboats are allowed too and plenty just keep them in marinas as holiday homes.

Thanks, but boats are not my thing. Even if I win the Euromillions!

 

[motorbiking]

If its a legal reason to avoid paying, then you can call it what you want

But it's tax avoidance in anybodys book

Like an ISA or duty free then? Don't be shy its the same thing.

 

[JonathanM]

It works the same for any export of anything. I don't know why boats are special, unless we just need to know they are expensive and he has one.

It's the ability to avoid both UK VAT and also import VAT in the EU country. I think so, anyway!

 

[carmanmemoranda]

Like an ISA or duty free then? Don't be shy its the same thing.

You know the difference, even if you don't want to admit it.

 

[motorbiking]

It works the same for any export of anything. I don't know why boats are special, unless we just need to know they are expensive and he has one.

actually this topic came about because people were asking about Brexit benefits.

they are special because they are mobile and can be moved under their own power.

 

[motorbiking]

You know the difference, even if you don't want to admit it.

A government approved scheme offering special tax treatment. Not tax avoidance. Dreamed up by the government, not some tax advisor. Like an ISA.

 

[JohnD]

motorboats are allowed too and plenty just keep them in marinas as holiday homes.

Yes,it's always been a popular hobby of the poor.

Costa Smeralda is crammed with Tesco shelf-stackers sailing to and fro.