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Using a Property Company to Save Tax 2019/20 (Paperback)

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Description


Publication date: August 2019 - Plain English guide with dozens of examples and tax planning tips.

This unique guide tells you EVERYTHING you need to know about using a company to invest in property:

  • The potential tax savings are significant. In one case study the author shows that using a company could result in a 66% increase in your after-tax income
  • Tax relief on mortgage interest is now being restricted for individual landlords but this change does not apply to companies.
  • A recent landmark tax case means that it may be possible to transfer an existing property business into a company and make enormous tax savings.
  • The new edition contains lots of new information, including updated guidance on when properties can be transferred to a company free from capital gains tax and sold in the future with little or no tax to pay.
  • The new edition also contains full details of the incredible stamp duty land tax exemption for partnership properties transferred into a company, including how to obtain this exemption if you're not yet in a partnership.
  • There are also a number of drawbacks and traps to avoid when using a company, so it's essential to arm yourself with all the relevant facts. This guide looks at the whole picture and explains all the tax consequences of using a property company.
  • The guide is also relevant to those involved in property development and shows how you can keep over 50% more development profit by using a company.
  • 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. He is currently a member of the Institute's governing Council.

Product Details
ISBN: 9781911020493
ISBN-10: 1911020498
Publisher: Taxcafe UK Ltd
Publication Date: August 15th, 2019
Pages: 286
Language: English