Property Tax Planning

Häftad, Engelska, 2024

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Beskrivning

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 purposesA 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

Produktinformation

Utgivningsdatum:2024-02-29
Mått:158 x 234 x 28 mm
Vikt:703 g
Format:Häftad
Språk:Engelska
Antal sidor:456
Upplaga:17
Förlag:Bloomsbury Publishing PLC
ISBN:9781526526250

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Mer om författaren

Zeeshan Khilji is Founder and Managing Director of Tax Consulting Group, UK

Recensioner i media

This is a very useful handbook for practitioners, and is easy to navigate.

Innehållsförteckning

Part A Property Investors1. Acquisition of a property through a non-UK resident company2. Property ownership through a non-UK resident trust3A. Relief for finance costs incurred by individuals, trustees and non-UK resident investment companies3B. Finance costs for UK property investment companies or companies within the scope of UK corporation tax4. Repairs, renewals and improvements5. Stamp duty land tax6. Capital allowances on plant and machinery7. Other allowances8. Holding investment property through a company9. Premiums received10. Letting as a trade11. Capital gains planning: properties held at 31 March 198212. Capital gains planning: the indexation allowance13. Capital gains planning: deferring a sale14. Capital gains planning: selling the company rather than the property and the further possibility of selling to a UK REIT15. Enterprise Investment Scheme deferral relief and Seed EIS CGT Exemption16. Planning for losses: capital losses and surplus management expenses17. Planning for losses: transfer of investment property to a dealing company18. VAT planning for property investorsPart B Property Dealers and Developers19. Tax relief for reductions in property values20. Reclassification of trading stock as investment property21. Tax planning on the transfer of trading stock22. Tax relief for finance costs23. Acquiring a trading company with tax losses24. Selling shares in a property trading company and anti-avoidance provisions25. Construction Industry Scheme26. VAT points for property developersPart C Trading Premises27. Premium relief on the acquisition of a short lease28. Tax relief for finance costs29. Capital allowances on plant and machinery30. Capital gains planning: replacement of business assets (‘roll-over’) relief31. Capital gains tax planning: entrepreneurs’ and investors’ reliefs for individuals and trusts32. Capital gains planning for companies: exemption for sales of substantial shareholdings33. Tax-free statutory compensation34. Construction Industry Scheme35. VAT and trading premisesPart D Private Residences36. The capital gains tax, ATED and SDLT regimes for residential property37. Motive for acquisition of a residence38. Main residence election where more than one property is owned39. Land and buildings included with a residence – maximising the exemption40. Converting, reconstructing or refurbishing a main residence41. Main residence: taking advantage of the exemption for the last 18 months of ownership42. Temporary absences: preserving the exemption43. Taking advantage of the exemption on let property44. Main residences: periods before 31 March 198245. Rent a room: income tax exemption on part letting of a main residence46. Expense deductions for business use of home