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Property Capital Gains Tax(2013 Edition)
Authors:
Carl Bayley, Nick Braun
Cover Type:Hardcover
Condition:Used
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Book details
ISBN: 1907302735, 978-1907302732
Book publisher: Taxcafe UK Ltd
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Book Summary: This unique guide explains in plain English how property capital gains tax is calculated and how you can drastically reduce your tax bill. It is essential reading for all those who own rental properties and second homes. Subjects covered include: The very latest Budget changes; How to reduce your income and pay CGT at 18% instead of 28%; How to save tax by transferring property to your spouse/partner; Tax-free properties for children; How trusts can be used to safeguard children's properties; How to avoid CGT on second homes using main residence elections; Why unmarried couples can have not one but TWO tax-free homes; How to develop part of your home and avoid CGT; How to convert heavily taxed income into leniently taxed capital gains; The tax benefits of using a company to invest in property; How to avoid being classified as a property trader and taxed at 40% or more; The enormous tax benefits of furnished holiday lets; How to make use of all the CGT reliefs including: private letting relief, entrepreneurs relief and rollover relief; How to save over £170,000 in capital gains tax and £40,000 income tax using the strategies outlined in this book... plus lots more!
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