Author – By: Carl Bayley
24th edition – Almost 300 pages of tax planning advice 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.
The latest edition is completely up to date with all the recent property tax changes including:
- Full details of the draft proposals that will drastically alter two key capital gains tax reliefs: principal private residence relief and private letting relief
- The HMRC U-turn on interest relief that means property investors can safely claim relief on more of their borrowings without fear of being challenged
- Further details on the new structures and buildings allowance which could save many property investors thousands of pounds
- The benefits of transferring property into a partnership, and how to use this to avoid stamp duty land tax on transfers to relatives
- Expanded sections on administrative expenditure you can claim
- Expanded guidance on the difference between trading and investment for property businesses
After reading one of our Taxcafe guides, many readers realise they have missed out on legitimate claims which they could have made in previous years. This edition includes new guidance on amending prior years’ tax returns: when you can do it and the potential pitfalls arising.