Thread: Declining Nett Profits
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Old 30-01-2008, 05:54 PM   #6 (permalink)
Slamdog
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Re: Declining Nett Profits
basically, you 'lose' money on paper so as not to pay tax on it.

for example..

if i had made 1000 profit this year i would have to pay tax on it. If i bought a computer for 800 then i would only be liable for tax on 200 quid because a computer is a legitimate business purchase....
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