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The grey area is things like film partnerships
There's a surprising number of ex-footballers out there who appear to have invested in films.
aggi-
It was the unintended consequence of a scheme designed to stimulate investment in the UK film industry. Sort of like an IRL “The Producers”.
Hundreds or possibly thousands of high-earners (both footballers and City types) got themselves into these things - most ended badly.
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surprising number of ex-footballers out there who appear to have invested in films.
Footballer's money is (or was) run by a very small number of gatekeepers so investment schemes are often done on mass.
NickCJ
hugo7
Structuring your investment to use the scheme avoids tax. What Zahawi did was tax evasion, ie the tax is due but you just don’t declare or pay.
The grey area is things like film partnerships / Channel Islands / Lux / double Dutch where it’s technically legal but relies on aggressive interpretations of the law to achieve something policymakers didn’t intend.