what do you identify as the tax risk factor introduced by the planning?
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maybe but u need 2 identify the law which you say that recharacterisation risk arises by reference 2 (Ramsay principle perhaps?)
seems straightforward application of yr model to me. Someone donates clothes to my charity. I cld accept donation & sell them
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Or I cld draw up paperwork, train staff etc.. to structure it 4 tax benefit as sale on commission, with later cash donation
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- second option is riskier. More could go wrong, paperwork & training has to be right etc..
End of conversation
New conversation -
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no - you cannot treat yourself as having applied my model without identifying the tax risk factor, which includes relevant law
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- how would u chart the journey from being a regular charity shop to filing as commission sales&cash donation operation?
End of conversation
New conversation -
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