Property companies make partners to beat 50%

The highest earners in property companies are to made equity partners in a bid to beat the new higher rate of income tax at 50%.

The Times claims this morning that Knight Frank and King Sturge are considering a change in the staus of some high flyers in a bid to duck the new higher rate.

There would also be large savings in national insuracne contributions as the individual rate would drop to 8% while the employers’ contribution would disappear altogether.