How to Avoid Property Tax

Contents

• Introduction
• Scope of this Guide
• Chapter 1 What is Property Tax?
• 1.1 Knowing Your Enemy
• 1.2 What Taxes Face a Property Investor?
• 1.3 Which Taxes Are Most Important?
• 1.4 How Does Property Tax Compare with Tax on Other Types of Income?
• 1.5 What About Capital Taxes?
• 1.6 Dealing with the Inland Revenue
• 1.7 Changes to the UK Tax Authorities
• Chapter 2 What Kind of Property Investor Are You?
• 2.1 Introduction
• 2.2 Does It Matter What Kind Of Property You Invest In?
• 2.3 Property Investment (or Property Letting)
• 2.4 Property Development
• 2.5 Property Trading
• 2.6 Property Management
• 2.7 Casual Property Income
• 2.8 Advantages and Disadvantages of Investment or Trading
• 2.9 The Boundary Between Investment and Trading
• 2.10 'Mixed' Property Businesses
• 2.11 Other Property-Based Trades
• 2.12 Husbands, Wives and Civil Partners
• Chapter 3 How to Avoid Income Tax
• 3.1 Introduction to Income Tax
• 3.2 Basic Principles of Income Tax
• 3.3 Income Tax Rates
• 3.4 Calculating the Income Tax Due
• 3.5 Tax Returns
• 3.6 Non-Residents, etc
• Chapter 4 How to Avoid Income Tax on a Property Investment Business
• 4.1 The Taxation of Rental Income Generally
• 4.2 Deductible Expenditure
• 4.3 Interest and Other Finance Costs
• 4.4 Legal and Professional Fees
• 4.5 Repairs and Maintenance
• 4.6 Landlord's Administrative Expenditure
• 4.7 Capital Allowances
• 4.8 Furnished Lettings
• 4.9 Furnished Holiday Lettings
• 4.10 Rent-a-Room Relief
• 4.11 Rental Losses
• 4.12 Other Property Investment Income
• 4.13 Lease Premiums
• 4.14 Overseas Lettings
• 4.15 Non-Commercial Lettings
• Chapter 5 How to Avoid Tax on a Property Trade
• 5.1 The Taxation of Property Trading Income
• 5.2 Properties as Trading Stock
• 5.3 Accounting Date
• 5.4 National Insurance Contributions
• 5.5 Trading Deductions: General
• 5.6 Trading Deductions: Specific Areas
• 5.7 Capital Allowances for Property Trades
• 5.8 Property Management Trades
• Chapter 6 How to Avoid Capital Gains Tax
• 6.1 The Importance of Capital Gains Tax
• 6.2 The Development of Capital Gains Tax
• 6.3 Who Pays Capital Gains Tax?
• 6.4 What is a Capital Gain?
• 6.5 The Amount of the Gain
• 6.6 Proceeds
• 6.7 Base Cost
• 6.8 Base Cost – Special Situations
• 6.9 Indexation Relief
• 6.10 Other Reliefs
• 6.11 The Principal Private Residence Exemption
• 6.12 Private Letting Relief
• 6.13 The Impact of other reliefs
• 6.14 Gardens and Grounds
• 6.15 Renovations
• 6.16 Building Your Own Home
• 6.17 Temporary Absences
• 6.18 Job-Related Accommodation
• 6.19 Dependent Relatives
• 6.20 Properties Held in Trust
• 6.21 Second Homes
• 6.22 Letting Out Part of Your Home
• 6.23 Conversions
• 6.24 Using Part Of Your Home For Business Purposes
• 6.25 Taper Relief – Introduction
• 6.26 Non-Business Asset Taper Relief
• 6.27 Business Asset Taper Relief Principles
• 6.28 Rates of Business Asset Taper Relief
• 6.29 'Hybrid' Taper Relief
• 6.30 The Annual Exemption
• 6.31 The Amount of Tax Payable
• 6.32 When is Capital Gains Tax Payable?
• 6.33 What Must I Report to the Inland Revenue?
• 6.34 Jointly Held Assets
• 6.35 Capital Losses
• 6.36 Leases
• Chapter 7 Other Taxes to Watch Out For
• 7.1 Stamp Duty – Introduction
• 7.2 Stamp Duty Land Tax
• 7.3 Stamp Duty on Shares
• 7.4 Inheritance Tax
• 7.5 VAT
• 7.6 National Insurance Contributions
• Chapter 8 Advanced Tax Planning
• 8.1 Introduction to Tax Planning
• 8.2 Planning For The Future
• 8.3 The Benefits Of Joint Ownership
• 8.4 Using Your Spouse Or Civil Partner
• 8.5 Have Your Cake and Eat it
• 8.6 Marriage, Divorce and Civil Partnerships
• 8.7 Climbing the Ladder
• 8.8 General Elections
• 8.9 Something in the Garden
• 8.10 Student Loans
• 8.11 Multiple Exemptions
• 8.12 Reinvestment Reliefs
• 8.13 Emigration
• 8.14 Pension Relief
• 8.15 Flat Conversion Allowances
• 8.16 The Tender Trap: The Benefits and Pitfalls of Re-Mortgaging
• 8.17 Non-Domiciled Investors
• 8.18 Using Lease Premiums To Generate Tax-Free Receipts
• 8.19 Commercial Developments In Disadvantaged Areas
• 8.20 Rollover Relief
• 8.21 Year End Tax Planning
• 8.22 Bed And Breakfasting For Property Investors
• Chapter 9 Planning With More Complex Structures
• 9.1 Using a Property Company to Save Tax
• 9.2 Partnerships
• 9.3 Property Syndicates and Special Purpose Vehicles
• 9.4 Pension Schemes
• 9.5 Other Ways To Invest In Property
• Appendix A Tax Rates and Allowances
• Appendix B Indexation Relief Rates
• Appendix C The European Union & The European Economic Area
• Taxcafe Question & Answer Service
• Other Taxcafe Tax Guides
• Disclaimer