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Property Tax Planning

Autor Zeeshan Khilji
en Limba Engleză Paperback – 24 ian 2024
Helping to establish tax planning opportunities and potential pitfalls, the book is divided into the four categories of property ownership: property investors; property dealers and developers; trading premises; and private residences. Within each category all relevant tax planning areas are outlined chapter by chapter, with reference to legislation and case law.The new 17th Edition, fully updated by Zeeshan Khilji, covers: - Changes in SDLT and LTT thresholds and reliefs- Changes to rules around non-residents paying corporation tax on gains arising on disposals of all immovable property, both residential and commercial- Changes to rules around non-resident corporate landlords of UK property now having to pay corporation tax (previously income tax) on income - Changes to rules around UK resident individuals paying CGT on all UK residential property gains within 30 days (then changed to 60 days)- Changes to principal private residence relief rules, where CGT lettings relief restricted to those living alongside their tenants only- The introduction of the new rules around residential property developer tax- Latest update on multiple dwellings relief- New material on property incorporationsA digital version of this title is available as part of our online tax resources. Contact our sales team to ask about access - onlinesales@bloomsburyprofessional.com
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Specificații

ISBN-13: 9781526526250
ISBN-10: 1526526255
Pagini: 456
Dimensiuni: 156 x 234 mm
Greutate: 0.45 kg
Ediția:17
Editura: Bloomsbury Publishing
Colecția Bloomsbury Professional
Locul publicării:London, United Kingdom

Caracteristici

Commentary added to reflect the introduction of new rules around Residential property developer tax

Notă biografică

Zeeshan Khilji is Founder and Managing Director of Tax Consulting Group, UK

Cuprins

Part A Property Investors1. Acquisition of a property through a non-UK resident company2. Property ownership through a non-UK resident trust3A. Relief for finance costs incurred by individuals, trustees and non-UK resident investment companies3B. Finance costs for UK property investment companies or companies within the scope of UK corporation tax4. Repairs, renewals and improvements5. Stamp duty land tax6. Capital allowances on plant and machinery7. Other allowances8. Holding investment property through a company9. Premiums received10. Letting as a trade11. Capital gains planning: properties held at 31 March 198212. Capital gains planning: the indexation allowance13. Capital gains planning: deferring a sale14. Capital gains planning: selling the company rather than the property and the further possibility of selling to a UK REIT15. Enterprise Investment Scheme deferral relief and Seed EIS CGT Exemption16. Planning for losses: capital losses and surplus management expenses17. Planning for losses: transfer of investment property to a dealing company18. VAT planning for property investorsPart B Property Dealers and Developers19. Tax relief for reductions in property values20. Reclassification of trading stock as investment property21. Tax planning on the transfer of trading stock22. Tax relief for finance costs23. Acquiring a trading company with tax losses24. Selling shares in a property trading company and anti-avoidance provisions25. Construction Industry Scheme26. VAT points for property developersPart C Trading Premises27. Premium relief on the acquisition of a short lease28. Tax relief for finance costs29. Capital allowances on plant and machinery30. Capital gains planning: replacement of business assets ('roll-over') relief31. Capital gains tax planning: entrepreneurs' and investors' reliefs for individuals and trusts32. Capital gains planning for companies: exemption for sales of substantial shareholdings33. Tax-free statutory compensation34. Construction Industry Scheme35. VAT and trading premisesPart D Private Residences36. The capital gains tax, ATED and SDLT regimes for residential property37. Motive for acquisition of a residence38. Main residence election where more than one property is owned39. Land and buildings included with a residence - maximising the exemption40. Converting, reconstructing or refurbishing a main residence41. Main residence: taking advantage of the exemption for the last 18 months of ownership42. Temporary absences: preserving the exemption43. Taking advantage of the exemption on let property44. Main residences: periods before 31 March 198245. Rent a room: income tax exemption on part letting of a main residence46. Expense deductions for business use of home

Recenzii

This is a very useful handbook for practitioners, and is easy to navigate.