A financial arrangement made to avoid or minimize taxes.
‘a better arrangement would be to establish a company and claim expenses as a tax shelter’
‘About 20 million of them were sold during their 12-year lifetime and they can continue to act as a tax shelter for your investments.’
‘To ensure a good return on a tax-break investment, investors should deduct the value of the tax shelter from the purchase price and compare it to the price of similar properties in the area.’
‘The new regime for Isa products from April 5 effectively removes the tax shelter on dividend income for basic rate taxpayers leaving them no better off than if they had invested directly.’
‘‘One of the reasons I started my company is for the tax shelter,’ says Bastien, who predicts his consulting business could make $30,000 this year.’
‘Buyers who want to use their second house as a holiday home, as opposed to a tax shelter, should opt for Section 48 properties.’
‘Other than business ownership, a home is probably the only tax shelter available to average Americans.’
‘Their most likely primary use, however, will be as a generous tax shelter for the upper-income set.’
‘The maximum limit per child is modest and therefore not designed as a tax shelter for the rich’
‘Brennan discussed the types of property which could be used as a tax shelter.’
‘Second, there is no tax shelter as capital gains are taxed regularly, albeit at the beneficiary's rate, which is typically lower than that of the contributor.’
‘This represents an enormous tax shelter for those with excess income but will do little for the average American.’
‘Used aircraft owners can only deduct 20% of the purchase price in the first year, so if you're looking for a tax shelter, a new aircraft is definitely the way to go.’
‘Schiff's psychiatrist also told the court that Schiff has been paranoid for years as a result of his having lost heavily in a tax shelter that turned out to be a Ponzi scheme.’
‘If the understatement is related to a tax shelter, you must be able to prove you believed it was more likely than not that you would win against the IRS.’
‘The various tax shelter proposals allow a family of four to remove $60,000 each year from taxation over the entire lifetime of the owners; that is, once sheltered, no taxes will ever be paid on these funds.’
‘Other tax shelter schemes are also widely used.’
‘But his autobiography does not mention the tax shelter advantages of his museum and foundation, which were hardly negligible.’
‘Other sources of revenue include a tax on stock and bond transactions, closing corporate tax shelter loopholes, projected budget surpluses, and household out-of pocket costs.’
‘To crack down on abuse, the House and Senate are pushing for tax shelter legislation.’
‘This provision establishes a new, health-insurance related tax shelter - so-called medical savings accounts.’
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