In a shocking list of advice being given out about capital gains tax, MPs were told:
“Don’t forget to claim expenses”
“Become a butterfly and flit between homes”
“Exploit personal allowances and minimise rates” and more.
The advice urges people to make use of “a range of little-known tax breaks” and quotes a tax advisor saying, “It is possible to reduce a tax bill of a few hundred thousand pounds to virtually zero”.
Oh wait. Hang on. That’s a list of advice that was written for the public and not just MPs, wasn’t it? And the list was written by the Daily Telegraph. Ooops.
Hat-tip: Allan Knox