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The Opus Group Launch A New Tax Mitigation Scheme, Globalcure Environmental Trading

United Kingdom(prwindow)- January 12 2008 -Opus today announced the launch of a new tax mitigation product, Globalcure Environmental Trading Investments, a tax planning solution to reduce an individuals and a company’s liability to income tax,capital gains, andcorporation tax.
 
Belfast,UK, Jan 12,2008--GlobalCure Environmental Trading Investments involves the creation of Environmental Trades, which gives individuals and companies economic incentives to invest in companies which promote reforestation and/or reduce the levels of carbon dioxide.

Tax legislation allows investors in Environmental Trades to claim loss relief for their investment thereby considerably reducing their current or future tax bill. At the same time, Environmental Trades provide the potential for substantial profits. Through the trading of carbon credits from accelerating forestry growth, the creation of biomass renewable energy power sources, methane sequestering, the provision of better crops for populations and developing sustainable forms of energy, Environmental Trades provide investors with substantial investment opportunities.

Within a typical trade the investment will be split into
60% to reforestation/carbon credits
10% to paper pulp
10% to methane sequestration
10% to bio fuels
10% to dual crop

The majority of the initial investment into the GlobalCure Environmental Trade is used for Research and Development. The R&D spend qualifies for tax relief under S.380 ICTA 1988 (where the loss is being set off against the current or previous fiscal year) or under S.381 ICTA 1988 (where the loss is being set against the previous two fiscal years) or under S.72 FA1991 where the loss is being set against Capital Gains in the current or last tax years.

The product is mainly aimed at investors who are seeking high taxable yield while mitigating risk by reducing PAYE income tax, Capital Gains Tax and/or reduce their burden to Corporation tax. For more information regarding any the tax mitigation schemes by the Opus Group, please visit the website, http://www.theopusgroup.co.uk.

About the Opus Group
Opus are Northern Ireland’s leading specialists in Tax Avoidance. As professionals in taxation, they offer specialised tax advice that is not traditionally available from Accountants. Furthermore, the company can offer clients a portfolio of tax efficient schemes that are exclusive to Opus.
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Contact Details

Jon Dickinson
The Opus Group,
137 York Road
Belfast
BT15 3GZ
028 9058 9800
swoulfe@continuum.ie
http://www.theopusgroup.co.uk
 

 

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The Opus Group
028 9058 9800

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