Now in its 17th Edition, this book has been updated to cover the many significant changes to the tax treatment of UK property in recent years.
The book is divided into the four categories of property ownership: property investors; property dealers and developers; trading premises and private residences. Within each category all relevant tax planning areas are outlined chapter by chapter, with reference to legislation and case law.
This new edition is updated to include:
- Further details in relation to the unified immoveable property regime for non-resident landlords and changes to the rules for overseas corporate landlords of UK property and their tax obligations in respect of UK rental income. - Changes to rules relating to withholding tax on payments of interest and royalties made to EU resident associated companies following Brexit.
- Changes to SDLT rates and Multiple Dwellings Relief consultation. - Updates to the capital allowances legislation, including ‘full expensing’ from 1 April 2023 and new rules in respect of capital allowance eligibility for plant and machinery for use primarily within a freeport or investment zone tax site following the UK’s departure from the EU - Changes to the capital gains tax compliance for non-corporate taxpayers disposing of UK land. - Updates to the VAT Option to Tax notification process. - The Construction Industry Scheme (CIS) rules including changes to the CIS penalty regime and HMRC’s increasing powers to amend unsupported CIS deductions on a real time basis. - Details of the domestic reverse charge rules for building work. - Changes to the conditions for Business Asset Disposal Relief. - Changes to Principal Private Residence relief rules, including final exempt period of ownership and lettings relief. - Updates to HMRC’s guidance on what constitutes an unallowable purpose for loan relationship purposes
A digital version of this title is available as part of our online tax resources. Contact our sales team to ask about access - onlinesales@bloomsburyprofessional.com
By:
Zeeshan Khilji
Imprint: Bloomsbury Professional
Country of Publication: United Kingdom
Edition: 17th edition
Dimensions:
Height: 229mm,
Width: 150mm,
Spine: 25mm
Weight: 660g
ISBN: 9781526526250
ISBN 10: 1526526255
Pages: 456
Publication Date: 28 March 2024
Audience:
Professional and scholarly
,
Undergraduate
Format: Paperback
Publisher's Status: Active
Part A Property Investors 1. Acquisition of a property through a non-UK resident company 2. Property ownership through a non-UK resident trust 3A. Relief for finance costs incurred by individuals, trustees and non-UK resident investment companies 3B. Finance costs for UK property investment companies or companies within the scope of UK corporation tax 4. Repairs, renewals and improvements 5. Stamp duty land tax 6. Capital allowances on plant and machinery 7. Other allowances 8. Holding investment property through a company 9. Premiums received 10. Letting as a trade 11. Capital gains planning: properties held at 31 March 1982 12. Capital gains planning: the indexation allowance 13. Capital gains planning: deferring a sale 14. Capital gains planning: selling the company rather than the property and the further possibility of selling to a UK REIT 15. Enterprise Investment Scheme deferral relief and Seed EIS CGT Exemption 16. Planning for losses: capital losses and surplus management expenses 17. Planning for losses: transfer of investment property to a dealing company 18. VAT planning for property investors Part B Property Dealers and Developers 19. Tax relief for reductions in property values 20. Reclassification of trading stock as investment property 21. Tax planning on the transfer of trading stock 22. Tax relief for finance costs 23. Acquiring a trading company with tax losses 24. Selling shares in a property trading company and anti-avoidance provisions 25. Construction Industry Scheme 26. VAT points for property developers Part C Trading Premises 27. Premium relief on the acquisition of a short lease 28. Tax relief for finance costs 29. Capital allowances on plant and machinery 30. Capital gains planning: replacement of business assets (‘roll-over’) relief 31. Capital gains tax planning: entrepreneurs’ and investors’ reliefs for individuals and trusts 32. Capital gains planning for companies: exemption for sales of substantial shareholdings 33. Tax-free statutory compensation 34. Construction Industry Scheme 35. VAT and trading premises Part D Private Residences 36. The capital gains tax, ATED and SDLT regimes for residential property 37. Motive for acquisition of a residence 38. Main residence election where more than one property is owned 39. Land and buildings included with a residence – maximising the exemption 40. Converting, reconstructing or refurbishing a main residence 41. Main residence: taking advantage of the exemption for the last 18 months of ownership 42. Temporary absences: preserving the exemption 43. Taking advantage of the exemption on let property 44. Main residences: periods before 31 March 1982 45. Rent a room: income tax exemption on part letting of a main residence 46. Expense deductions for business use of home
Zeeshan Khilji is Founder and Managing Director of Tax Consulting Group, UK
Reviews for Property Tax Planning
This is a very useful handbook for practitioners, and is easy to navigate. * TAXline Magazine *
