How to Save Property Tax 2024/25 - Paperback

by Carl Bayley (Author)

Almost 300 pages of tax planning information for landlords and property investors.

How to Save Property Tax is widely regarded as THE tax bible for property investors.

Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you absolutely everything you need to know about paying less income tax, capital gains tax and stamp duty land tax on your property investments.

The latest edition was published in November 2024. It contains all of the important tax changes announced by Chancellor Rachel Reeves in the October 2024 Budget.

The guide is essential reading for:

• Landlords and property investors
• Second home owners
• Anyone selling property and wanting to pay less capital gains tax
• Those renovating or developing property
• Accountants, solicitors and professional advisers

The author, Carl Bayley FCA, has been a tax advisor for over 40 years and is a former chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW).

Subjects covered include:

• All the expenses you can claim against your rental income
• How to maximise the tax relief on your mortgage interest payments
• How to claim a big home office tax deduction
• Motoring expenses, including changes to electric cars and double cab pick-ups
• How to claim repairs spending that a layperson would regard as improvements
• How to amend previous tax returns if you've forgotten to claim expenses
• Everything you need to know about Making Tax Digital (MTD)
• A new section on the pros and cons of the cash basis versus the accruals basis
• A plain English guide to how capital gains tax (CGT) is calculated
• Numerous tried and tested capital gains tax planning techniques
• How transfers between spouses can save significant amounts of CGT
• How to use your children to save thousands in capital gains tax
• All the stamp duty issues facing property investors (including the new 5% surcharge)
• The tax treatment of property development
• A new section on the abolition of the special regime for furnished holiday lets

All in all, this guide tells you pretty much everything you need about tax if you are a landlord or own any other type of property business.