How to Save Property Tax 2024/25

Almost 300 pages of tax planning information for landlords and property investors.How 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.The latest edition was published in November 2024. It contains all of the important tax changes announced by Chancellor Rachel Reeves in the October 2024 Budget.The guide is essential reading for: Landlords and property investorsSecond home ownersAnyone selling property and wanting to pay less capital gains taxThose renovating or developing propertyAccountants, solicitors and professional advisersThe author, Carl Bayley FCA, has been a tax advisor for over 40 years and is a former chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW).Subjects covered include: All the expenses you can claim against your rental incomeHow to maximise the tax relief on your mortgage interest paymentsHow to claim a big home office tax deductionMotoring expenses, including changes to electric cars and double cab pick-upsHow to claim repairs spending that a layperson would regard as improvementsHow to amend previous tax returns if you've forgotten to claim expensesEverything you need to know about Making Tax Digital (MTD)A new section on the pros and cons of the cash basis versus the accruals basisA plain English guide to how capital gains tax (CGT) is calculatedNumerous tried and tested capital gains tax planning techniquesHow transfers between spouses can save significant amounts of CGTHow to use your children to save thousands in capital gains taxAll the stamp duty issues facing property investors (including the new 5% surcharge)The tax treatment of property developmentA new section on the abolition of the special regime for furnished holiday letsAll 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.

• | Author: Carl Bayley
• | Publisher: Taxcafe UK Ltd
• | Publication Date: Nov 12, 2024
• | Number of Pages: 306 pages
• | Binding: Paperback or Softback
• | ISBN-10: 1911020994
• | ISBN-13: 9781911020998