@samuel_leeds — 61x breakout

Loading video…

Did you know in the UK

@samuel_leeds

627.1K followers · usually 7.8K views a post

Views

877.8K

Likes

64.6K

Comments

299

16.9K

Why it worked

The video taps into a common desire to save money on taxes by offering a seemingly simple and legal loophole. The 'hire your wife' angle is attention-grabbing and relatable, while the promise of tax-free income and a tax write-off makes it highly appealing to business owners.

Summary

The video explains a tax loophole in the UK where individuals can legally hire their spouse, partner, or even children over 13 to work for their business. By paying them up to £12,500 per year tax-free, the business owner can reduce their overall tax liability, as the payments are considered a tax write-off.

Structure

1Introduction to hiring spouse for tax benefits
2Explanation of who can be hired
3Tax-free income limit
4Tax write-off for the business
5Requirement for actual work
6Accountant's sign-off and no-brainer conclusion

On-screen text

Did you know in the UK HIRE YOUR WIFE - PAY LESS TAX 🤑 you can legally hire your wife and pay less tax? Let's say you're and your wife is a housewife or a stay at home mum Chances are she probably supports you in your business you know she's your wife! She helps you! And maybe it's not your wife or your partner or your kids even if they're above 13 Well you can pay them your wife, kids, parents... up to £12.5K per year completely tax free and it's a tax write off to your business! As long as they are actually doing work and you get this signed off by your accountant this is a complete no brainer They debated this after I said this and it turned out that I am right

Original caption

In the UK - you can legally hire your wife and pay less tax. Always get this sort of stuff checked with your accountant as different situations can vary! Follow for more insights from a multi-millionaire entrepreneur and investor ✅🔥 #hmrc #propertyinvesting #taxes