So it seems that £500k/year is tax free, but only if that £500k can be classed as "accounting profits".
This article defines accounting profits as follows:
First it says that "accounting profits" are anything that would be taxed as income such (e.g. contractor fees?). But then it qualifies...
I am a software contractor based in the UK. I also do some crypto trading on the side.
I came up with the following tax minimisation plan:
1. Incorporate in Cayman/BVI.
2. Have contractor income paid into that company, and invest through this entity too.
3. Only pay myself enough to live on...
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