Terryw wrote:
VB i am not sure what a PSB is, but I know what PSI is and if your income is classed as PSI it cannot go through the trust so you cannot offset the loss. There may be other ways of getting at least some of your income into the trust – such as leasing equipment owned by the trust. Sub-contracting to the trust etc.You need a good tax…[Read more]

Hi,The difference between PSI and PSB is that to get to PSB for the Trust, I need to find 2 direct clients (I'm working as IT consultant and most of my jobs are through recruitment agents which is not satisfy direct clients rule).Therefore, my question is can negative gear property under DT can be deducted against PSB income or the PSB income is…[Read more]