Legally Avoid Property Taxes · 51 Top Tips to Save Property Taxes and Increase Your Wealth by Wallis, Iain -- Read -- Imperial Library of Trantor

Index

Disclaimer About the author A note about the examples Contents

Chapter 1: Introduction Chapter 2: Tax Avoidance or Tax Evasion

2.1 Introduction 2.2 Tax Avoidance 2.3 General Anti-Abuse Rules (GAAR) 2.4 What is Tax Evasion?

Chapter 3: Who and What are You?

3.1 Introduction 3.2 Am I a Property Investor? 3.3 So what about a Property Trader? 3.4 So am I an Investor or a Trader?

4.1 Introduction 4.2 Loan Interest and Finance Charges 4.3 Legal Fees 4.4 Other Professional Fees 4.5 Abortive Costs 4.6 Training and Education 4.7 Books, Magazines and Journals 4.8 Travel and Subsistence 4.9 Capital Allowances 4.10 Other Admin Expenses 4.11 Pre-Trading Expenditure 4.12 VAT 4.13 Year-end Planning

5.1 Introduction 5.2 Repairs and Renewals 5.3 Landlord’s Energy Saving Allowance (LESA) 5.4 Furnished Lettings 5.5 Furnished Holiday Lettings 5.6 Rent-a-room Relief 5.7 Rental Losses 5.8 Taxation 5.9 Other Taxes

6.1 Introduction 6.2 Trading Stock 6.3 Choose your Year End 6.4 Taxation 6.5 Forgiving Expense Regime 6.6 Capital Allowances 6.7 Losses 6.8 Corporation Tax and the Incorporation Debate

Chapter 7: Avoiding Capital Gains Tax

7.1 Introduction 7.2 Some Basics 7.3 Hold-over Relief 7.4 Joint Ownership 7.5 Principal Private Residence Exemption (PPR) 7.6 Portfolio Building 7.7 PPR and Developing Your Own Home 7.8 Making Use of the Garden 7.9 Private Letting Relief 7.10 The Kids are Alright!

Chapter 8: Other Taxes and Tax Points to Consider

8.1 Stamp Duty Land Tax (SDLT) 8.2 National Insurance 8.3 VAT 8.4 Child Benefit Tax Charge 8.5 Pensions 8.6 Overseas Property 8.7 Entrepreneurs’ Relief

Chapter 9: Avoiding Inheritance Tax

9.1 Introduction 9.2 What is Inheritance Tax? 9.3 The Circle of Life 9.4 The Family Home 9.5 Business Property Relief 9.6 Employee Ownership Trust 9.7 Short Life Time Expectancy 9.8 Capital Gains Tax and Inheritance Tax 9.9 Summary

Chapter 10: Tax Investigations Thanks