I’d like to point out that this article IS GOOD ADVICE but in no way replaces any legal or fiscal advice, so please don’t take it as such. Rates and laws change all the time and you should seek that information from your legal and fiscal advisers.
At times life can seem unfair…especially at the end of the year.
No, I don’t mean that you don’t get the presents that you want at Christmas, I mean the dreaded tax man.
“Class… does anyone know what the word – Impute – means?”
“Anyone?” “Anyone?” – a nod to Ferris Bueller.
OK…from one of the online dictionaries, the word Impute in financial terms means:-
To assign a value to something by inference from the value of the products or processes to which it contributes…ie “recovering the initial outlay plus imputed interest”