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Sole Trader: Possible to save from one tax year to another?

fleet · 2009-02-24 08:41:02

Hi, I was just wondering if there was a legal way for a sole trader to save money in a savings account from one tax year to another without paying income tax on it? The money saved would be to pay for a large business expense in the future year (or years). fleet

24-02-2009 8:41am

#1

fleet

Registered Users, Registered Users 2 Posts: 546 ✭✭✭

Join Date: September 2008

Posts: 494

Hi,

I was just wondering if there was a legal way for a sole trader to save money in a savings account from one tax year to another without paying income tax on it?

The money saved would be to pay for a large business expense in the future year (or years).

fleet

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