Property companies make partners to beat 50%
Equity partnership will beat the tax raise and save on NICs
The highest earners in property companies are to made equity partners in a
bid to beat the new higher rate of income tax at 50%.
The Times claims this
morning that Knight Frank and King Sturge are considering a change in the staus
of some high flyers in a bid to duck the new higher rate.
There would also be large savings in national insuracne contributions as the
individual rate would drop to 8% while the employers’ contribution would
disappear altogether.
Read more:
Treasury
revises revenue from 50% tax