Have you recently thought of adopting a strategy to get rid of all those taxes you have been paying on the profits you make in your business?
The good news is that there is an amazing strategy with the help of which you can get rid of a major amount of the tax you pay on the yearly basis. If you haven’t heard of the scheme of restricted property trust specially designed for the business owners like you, you are paying taxed without any reason. With the help of this scheme, you get a good amount of deduction on the taxes.
If you are new to this concept, here is a list of FAQs (Frequently Asked Questions) that are going to clear all the doubts you have in your head:
- Is this scheme meant for business owners only? Yes – this scheme has been designed and created for business owners only. If you have a business, you are eligible to invest in this scheme.
- How much minimum do you need to invest on an annual basis? You need to have at least $50,000 to begin with this scheme. That’s not all – you have to keep investing in this scheme for as long as you want the tax concession.
- What if you do not have sufficient funds to go on with the investment? If you don’t have enough funds, you are not eligible to get the deduction on taxes you want.
- Do you get anything in return on the investments you make? Yes – you get a good amount of 8% returns on the investments you make. It is far better than investing in fixed deposits!
Now that you have sufficient amount of information on this concept, go ahead and adopt the strategy for your good.