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Using a Property Company to Save Tax 2019/20

About Using a Property Company to Save Tax 2019/20

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.

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  • Language:
  • English
  • ISBN:
  • 9781911020493
  • Binding:
  • Paperback
  • Pages:
  • 286
  • Published:
  • August 14, 2019
  • Dimensions:
  • 155x236x15 mm.
  • Weight:
  • 432 g.
Delivery: 1-2 weeks
Expected delivery: December 11, 2024

Description of Using a Property Company to Save Tax 2019/20

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.

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