Abusive agricultural avoidance scheme axed
Posted by mostafa on 13 March, 2012
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This item was filled under Tax
The government has shut down another contrived and aggressive tax avoidance scheme, in a move that follows the recent, well-publicised closure of arrangements being exploited by Barclays bank.
The latest scheme to be axed involved property business loss relief, and was marketed to high net-worth individuals as a way of reducing their end-of-year income tax bills.