5 Legal Tax Avoidance Strategies That Saved Me Crores скачать в хорошем качестве

5 Legal Tax Avoidance Strategies That Saved Me Crores

Subscribe for more:    / @simplewealthproject   In this video, I will share 5 strategies I use to legally avoid paying crores of rupees in taxes. These aren’t just small hacks but significant transformations in mindset, processes, and investing styles that have helped me streamline my tax strategies. Remember, the goal of life isn’t tax avoidance but living a simple, happy, and healthy life. Automating tax strategies can help you achieve this with less stress. Strategy 1: Don’t Sell One of the most effective ways to avoid paying taxes is by not selling your investments. When you sell an investment, you must pay taxes on the profits, known as capital gains tax. You can defer these taxes indefinitely by adopting a long-term investment strategy and refraining from selling your assets. Instead of realizing gains, consider leveraging your investment portfolio for loans to meet your financial needs, thus keeping your investments intact and growing. Strategy 2: Don’t Trade Trading frequently in the stock market can result in short-term capital gains, which are taxed more than long-term capital gains. By avoiding trading and adopting a buy-and-hold strategy, you minimize the number of taxable events and allow your investments to appreciate over time. Strategy 3: Registering a Company Incorporating a business can provide significant tax advantages compared to earning income as an individual. Business owners can access various deductions and credits that reduce taxable income, such as business expenses, depreciation, and other allowable deductions. Strategy 4: Moving to a Tax-Efficient Country Relocating your business to a country with a more favorable tax regime can substantially reduce your tax liabilities. Countries like Singapore offer lower corporate tax rates and other business-friendly policies that can benefit your company financially. I use Osome to manage my Singapore company registration and accounting. You can get 16% off on their services using the link below: https://stay.osome.com/RD16 Strategy 5: Considering Personal Tax Residency Changing your personal tax residency to a country with lower tax rates can also result in significant tax savings. Many countries offer attractive tax incentives for expatriates, including tax-free income thresholds, lower income tax rates, and reduced or no capital gains taxes. While requiring substantial changes in lifestyle and business operations, these strategies can automate the tax avoidance process and ensure that your wealth grows efficiently. — Links: 💼 Connect on LinkedIn:   / rishabhdev   📸 Follow on Instagram:   / simplewealthproject   🌟 Join on X: https://x.com/reachrishabh 🚀 Join my WhatsApp Community: https://bit.ly/freedom-investing 📩 Sign up for my Newsletter: https://bit.ly/rishabh-dev-newsletter 🔔 Turn on notifications to stay updated with new uploads