How long before Government lose Control

[john m]

Could you father Ted your Gains and have them resting in your account at assessment time .Say you bought Prize bonds .Would that be considered an Investment and using funds for further gains so delaying the day of judgement until you actually liquidate your entire funds into cash ?

Not really. Reinvesting a gain wouldn't eliminate the gain. If you think in terms of an investment fund, the value of the gain would still be in the fund as prize bonds.

but as the gain was reinvested you never realised that gain you have reinvested for future gain and only when you realize that gain should you become taxable .If you buy a gaff for investment  and it appreciates annually you dont pay the Penelty until you actually dispose of or realize its value .

[Rat Catcher]

The gain is realised once the shares are sold. A self managed pension fund could work how you suggest subject to certain limitations.

[Octavia1]

He's already had the cheek to ask me how to dodge tax! I told him it won't be an issue when he loses his town halls...

The only thing I found was something on boardszzzz.ie where someone recommended setting up a company as a trader then the capital gains wouldn't apply but instead a person would pay regular income tax on any gains.Other than that I'm clueless.Might ring revenue and see what they can tell me.Anyway that's another days work.

Can they check how much yu have in yur paypal account?
Get it sent there ? Me paintings money is sittin.in me paypal account....actually if anyone is listenin...the owlomes across the halls paypal account 

Occi look into getting an artists tax exemption .If you sold Artwork and can prove it then you are an artist .Also look into Artists Dole .You can claim and work its a pilot scheme at the moment look into it before all the places are taken up .

Thanks johnny ...I will

[john m]

He's already had the cheek to ask me how to dodge tax! I told him it won't be an issue when he loses his town halls...

The only thing I found was something on boardszzzz.ie where someone recommended setting up a company as a trader then the capital gains wouldn't apply but instead a person would pay regular income tax on any gains.Other than that I'm clueless.Might ring revenue and see what they can tell me.Anyway that's another days work.

Can they check how much yu have in yur paypal account?
Get it sent there ? Me paintings money is sittin.in me paypal account....actually if anyone is listenin...the owlomes across the halls paypal account 

Occi look into getting an artists tax exemption .If you sold Artwork and can prove it then you are an artist .Also look into Artists Dole .You can claim and work its a pilot scheme at the moment look into it before all the places are taken up .

Thanks johnny ...I will

https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/income-and-employment/artists-exemption/index.aspx

https://journalofmusic.com/news/arts-minister-seeks-cross-party-support-universal-basic-income-artists

Be carefull get Info before you show your hand .

[Octavia1]

He's already had the cheek to ask me how to dodge tax! I told him it won't be an issue when he loses his town halls...

The only thing I found was something on boardszzzz.ie where someone recommended setting up a company as a trader then the capital gains wouldn't apply but instead a person would pay regular income tax on any gains.Other than that I'm clueless.Might ring revenue and see what they can tell me.Anyway that's another days work.

Can they check how much yu have in yur paypal account?
Get it sent there ? Me paintings money is sittin.in me paypal account....actually if anyone is listenin...the owlomes across the halls paypal account 

Occi look into getting an artists tax exemption .If you sold Artwork and can prove it then you are an artist .Also look into Artists Dole .You can claim and work its a pilot scheme at the moment look into it before all the places are taken up .

Thanks johnny ...I will

https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/income-and-employment/artists-exemption/index.aspx

https://journalofmusic.com/news/arts-minister-seeks-cross-party-support-universal-basic-income-artists

Be carefull get Info before you show your hand .

Thank you john ...very much appreciated

[john m]

325 a week for 3 years and you can still work .Now thats a nice Gig if you can get it .