Property Tax Planning

15th Auflage
ISBN: 978-1-78451-343-6
Verlag: Bloomsbury

Buch, Englisch, 440 Seiten, Format (B × H): 156 mm x 234 mm

Property Tax Planning is an indispensable property guide for tax practitioners, property lawyers, surveyors and property owners. With worked examples throughout, it clearly highlights the tax planning opportunities and potential pitfalls that may arise during property transactions.

This logical and user-friendly book is divided into four sections reflecting 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 highly practical layout will help you quickly establish problem areas and potential tax breaks. It has been fully revised and updated to the latest Finance Act.

Contents includes:

Property Investors;
Property Dealers and Developers;
Trading Premises;
Private Residences.

Autoren/Hrsg.

Spencer, Philip

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

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

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 antiavoidance 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 asset ('rollover') 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

Appendix I Items of Expenditure on Buildings and Structures Qualifying and Non-Qualifying as Plant/Integral Features (CAA 2001, Part 2, Chapter 3)

Appendix II Construction operations for the purposes of the Construction Industry Scheme

Über Autor(innen)

Spencer, Philip
Philip is a Tax Partner in BDO's Real Estate and Construction Tax Group. In over 37 years as a qualified Chartered Accountant, he has been involved in a wealth of transactions and advised on the structuring and financing of a huge variety of commercial real estate scenarios. His clients include Real Estate investors based in Europe and the Middle East as well as the UK.

Philip's book, Property Tax Planning, was first published in 1987 and is now up to its 13th edition. He has also produced CDs, videos and audio material as well as journal articles on real estate and finance. Philip is a regular presenter at conferences on these topics.

Outside his professional interests, Philip swims and runs; learns (although never masters) a number of languages; is a dab hand at Scrabble and is a reasonably inept guitarist. Most importantly, he is an ardent supporter of Tottenham Hotspur Football Club.

Philip Spencer is a tax partner at BDO LLP