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Using a Property Company to Save Tax 2020/21

About Using a Property Company to Save Tax 2020/21

Publication date: December 2020 - Plain English guide with dozens of examples and tax planning tips. The latest edition contains lots of new information 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 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.

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  • Language:
  • English
  • ISBN:
  • 9781911020639
  • Binding:
  • Paperback
  • Pages:
  • 284
  • Published:
  • December 2, 2020
  • Dimensions:
  • 156x234x19 mm.
  • Weight:
  • 440 g.
Delivery: 1-2 weeks
Expected delivery: January 8, 2025

Description of Using a Property Company to Save Tax 2020/21

Publication date: December 2020 - Plain English guide with dozens of examples and tax planning tips. The latest edition contains lots of new information
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 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.

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