Income Tax Reduction

The MH Picasso structure is an exciting method of effecitively and efficiently reducing income tax liabilities using an innovative planning model.

As well as being a highly tax efficient structure, Picasso also presents an opportunity for individual participants to benefit from a broad range of new businesses, by supporting the development and promotion of various commercial ventures.

Key Benefits

• Up to 100% of the individuals income tax liability is mitigated
• Taxation relief is allowable in the current tax year and can equally be carried back to the three previous tax years
• Taxation relief obtained via Picasso can be offset against all sources of income
• Strategy fully approved by the Upper Tier Tax Tribunal

Suitability

• Suitable for anybody subject to UK personal income tax, including employees remunerated via PAYE, those are who deemed self-employed including sole traders and partners, company directors and those in receipt of dividend income

Effectiveness

• Very powerful strategy to cease the twice yearly HMRC “payments on account” scenario for the self-employed
• Capital Gains Tax relief in current and previous year available, with the ability to utilise Entrepreneurs Relief