I was talking to my wife the other night about an idea I had which was to use the tax man to pay for my Video hobby.
As most of us know this can be a very expensive hobby so I came up with the idea of creating a video production company which will obviously make a loss, unless I get extremely lucky as I won't have any paying clients. I thought I could offset the cost of equipment, filming costs etc against my main income self assessment tax bill.
Is this a good or bad idea, will it work ? Is it legal ?