Publisher's Synopsis
Almost 300 pages of tax planning guidance for landlords and property investors
How to Save Property Tax is widely regarded as the tax bible for property investors.
Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you absolutely everything you need to know about paying less income tax, capital gains tax and stamp duty land tax on your property investments.
It's essential reading for:
- Property investors and landlords
- Second home owners
- Those renovating or developing property
- Accountants, solicitors and professional advisers
The author, Carl Bayley FCA, was chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and is currently a member of the institute's governing council.
Subjects covered include:
- All the expenses you can claim against your rental income
- How to claim a big home office tax deduction
- How to deduct the cost of seminars, courses and books (like this one!)
- Motoring expenses landlords can claim
- How to claim repairs spending that a layperson would regard as improvements
- The latest news on Making Tax Digital (MTD) for property investors
- How to amend previous tax returns if you've forgotten to claim expenses
- A plain English guide to how capital gains tax (CGT) is calculated
- Numerous tried and tested capital gains tax planning techniques
- How transfers between spouses can save significant amounts of CGT
- How to use main residence elections to reduce CGT on second homes
- How to use your children to save thousands in capital gains tax
- All the stamp duty issues facing property investors
- The tax treatment of property development
- Tax planning for owners of furnished holiday lets
All in all, this guide tells you pretty much everything you need about tax if you are a landlord or own any other type of property business.
