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Re: Christmas! I am so exited! NOT

Posted by alexandra_k on September 25, 2018, at 4:04:34

In reply to Re: Christmas! I am so exited! NOT, posted by Lamdage22 on September 20, 2018, at 14:04:43

ah. here, the more you earn the more you are able to start up a charitable trust for yourself as the primary beneficiary / recipient. you need to pay a sum, maybe even a little more in lawyers fees, and you need to put a certain amount into it from the get go.

then i think it is some kind of tax haven. you put your money into that.

then your charitable trust will require things... it will require a home office and a computer and a phone and a car and so on... and all of that then doesn't count as your assets and you don't pay tax on any of it. it's like a charity for you - or similar.

we don't have capital gains tax here. i don't really know what that is. i think it is something about if you buy a property that is valued at $500,000 and 6 months later it is valued at $750,000 then you don't pay tax on the gain in capital you now have. or similar. i don't know.

i didn't keep on with law...




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