Property Capital Gains Tax
By Carl Bayley ACA & Nick Braun PhD
This brand new tax guide contains dozens of capital gains tax saving strategies for property investors and second home owners.
Written by one of the country’s most respected property tax experts, the information contained in this guide could save you tens of thousands of pounds in capital gains tax.
With numerous examples and plain English summaries, it also contains the clearest explanation you will find anywhere of how property capital gains tax is calculated.
Property Capital Gains Tax has just been published (September 2010) and is completely up to date. It is essential reading for:
- All landlords and buy-to-let investors
- Everyone who owns a second home, either in the UK or abroad
- Anyone wanting tried and tested ways of legally paying less capital gains tax
- ...plus all the tax saving tricks the tax professionals keep up their sleeves
- Anyone wanting to know how to calculate capital gains tax
What Information Does the Guide Contain?
Subjects covered include:
- The new capital gains tax rules, announced in the June 2010 Budget.
- How to reduce your taxable income and pay CGT at 18% instead of 28%.
- How one property investor could save over £30,000 by doing exactly that.
- How your spouse or partner can save you £17,768 per year in capital gains tax.
- How your children can help you avoid capital gains tax completely.
- How trusts can be used to safeguard children’s properties.
- Main residence elections - How to enjoy a tax-free second home
- ...plus some special tricks to obtain extra tax savings on multiple properties.
- How unmarried couples can have two tax-free main residences... plus the traps to avoid.
- How to develop part of your home and avoid CGT.
- How to avoid being classified as a property trader and taxed at 41% or 51%.
- The benefits and drawbacks of using a company to invest in property.
- The new Entrepreneurs Relief rules - How to pay tax at 10% and save up to £1.8 million.
- How to convert heavily taxed income into leniently taxed capital gains.
- Absolutely everything there is to know about the Principal Private Residence Exemption.
- ...plus how property investors can milk every drop of tax savings out of this fantastic loophole.
- How Private Letting Relief can shelter an extra £80,000 per property from the taxman.
- How to distinguish between improvements and repairs and obtain the best tax outcome.
- Remortgaging your properties - the dangers banks and brokers don't tell you about.
- How to completely avoid capital gains tax if you emigrate.
- The enormous tax benefits of furnished holiday lets, including rollover relief, loss relief and 10% capital gains tax.
- Using Enterprise Investment Schemes to postpone CGT and save up to £100,000 income tax.
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About the Authors
Carl Bayley BSc ACA is one of the country's most respected property tax experts and is a regular contributor to TV and radio programmes and national newspapers on tax matters. He sits on the governing council of the Institute of Chartered Accountants.
Nick Braun PhD is Taxcafe's Managing Director and has been involved in the tax publishing world since 1989 as a writer, editor and publisher, as well as being an active property investor.
How Much Does it Cost?
The printed book costs just £24.95 (plus £1.95 p&p).
You will also receive a free copy of How to Save Tax, our annual roundup of tax information and planning tips - worth £19.95.
We use Worldpay (part of the Royal Bank of Scotland) to securely process payments.
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You may also be interested in:
Using a Property Company to Save Tax - How to increase your rental income by using a company to invest in property.
Non Resident & Offshore Tax Planning - How to make the most of non resident tax status to reduce or elimate your taxes.
How to Avoid Inheritance Tax - Simple and advanced tax planning techniques for those who want to protect their families inheritance.