Property Tax Planning

ISBN-13: 9781784513436 / Angielski / Miękka / 2016 / 440 str.

Philip Spencer

Opis

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.

Spis treści

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