Books by Carl Bayley

Publication date: December 2020 - Plain English guide with dozens of examples and tax planning tips. The latest edition contains lots of new informationThis 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 62% increase in your after-tax income!Tax relief on mortgage interest is now restricted for individual landlords but this change does not apply to companies.Full details of the fabulous window of opportunity that means now could be the best time to transfer property into a company, with savings of up to £15,000 per property available.When a property business qualifies for incorporation relief, allowing properties to be transferred into a company free from capital gains tax.Full details of the incredible stamp duty land tax exemption for partnership properties transferred into a company.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.A new chapter examines potential tax changes, including the Office for Tax Simplification's November 2020 recommendations on CGT.A lot more information on profit extraction - taking money out of your company in the most tax efficient manner.The guide is also relevant to those involved in property development and shows how you can keep over 44% 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.

25th edition - Over 300 pages of tax planning advice for landlords and property investorsHow 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 landlordsSecond home ownersThose renovating or developing propertyAccountants, solicitors and professional advisersThe 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 and contains the following new information:A brand new chapter on tax planning during the coronavirus crisis.Long-term planning that can be carried out at a much reduced tax cost in the current climate (in one example, a landlord saves over £100,000 by acting now). A new chapter examining potential future tax changes and how to plan for them.Why there is currently a window of opportunity to save up to £15,000 in stamp duty land tax on transfers of property to your spouse.How to save tax by bringing forward taxable profits if you expect to have a lower tax rate this year.Detailed guidance on claiming bad debt relief, especially for rent arrears.Fully updated guidance on the major changes to principal private residence relief and private letting relief and the planning opportunities that remain.A detailed look at the 50/50 default basis for splitting rental income received from a property held jointly by a married couple.Why the cash basis may be beneficial to use in the current climate.A new section on taxation of property businesses held by trusts.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.

16th edition with almost 300 pages of up-to-date inheritance tax planning advice.Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.The author, Carl Bayley, was chairman of the tax faculty at the Institute of Chartered Accountants (ICAEW) from 2015 to 2018 and is currently a member of the Institute's governing council.Topics covered in the guide include: The very latest changes announced in recent Budgets. A plain-English guide to calculating inheritance tax and how the tax works. Tax planning timetable: Steps to take at key points in your life. More than a dozen tax planning techniques for protecting the family home. Absolutely everything you need to know about using trusts to save inheritance tax. How to use Business Property Relief to pass unlimited assets to your family. How to gift assets during your lifetime without causing financial hardship to you and your spouse. How to pass assets to your children and yet still do this tax free under the spouse exemption. A brand new chapter on the incredible tax-saving potential of family investment companies. A new chapter on possible future changes to inheritance tax. A new chapter on advanced inheritance tax planning techniques. Lots of information throughout for landlords and property investors. Plus lots more… Dozens of clear real-life examples are used throughout to explain important points.

This tax guide is essential reading for all self-employed business owners (sole traders and partnerships).It contains 50 chapters of practical, tried and tested tax saving techniques that your business can implement year-in, year-out, illustrated with easy to follow examples. Even those with substantial tax knowledge will uncover many useful nuggets that will help them pay less income tax, national insurance, VAT, capital gains tax and inheritance tax.The 7th edition was published in September 2019. Subjects covered include: How to claim a big tax deduction when you work from home Tax-free salaries for spouses and children (including minor children) How to claim a bigger tax deduction for travel expenses (flights, hotels, meals) How to make your entertainment costs tax deductible Tax saving strategies for e-commerce businesses Capital allowances - how they're calculated and how to maximise your claim Seven chapters on motoring tax issues (cars, vans, fuel, VAT, leasing etc) How to maximise the tax relief on your borrowings Four chapters that will show you how to claim bigger property tax deductions Tax-free benefits that can be paid to your employees Year-end tax saving strategies The pros and cons of changing your accounting date How to pay less VAT Capital gains tax - How to qualify for Entrepreneurs Relief (10% tax) Inheritance tax - Everything you need to know about Business Property Relief The benefits and drawbacks of using the cash basis

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.