Property Tax Planning 16th ed

Helping you quickly establish tax planning opportunities and potential pitfalls.

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.

Updated in line with Finance Act 2018:

• New SDLT relief for first-time buyers
• Income received by non-UK resident companies from UK property rentals will be chargeable to corporation tax, rather than income tax, from April 2020
• Non-resident capital gains on any immovable property subject to tax from April 2019.

Also includes the following:

• Changes to substantial shareholding exemption (F(No 2)A 2017, ss26-28)
• Carry forward loss rules/changes to group relief (F(No 2)A 2017, s18 and Sch4)
• Effective replacement of worldwide debt cap with the Corporate Interest Restriction rules from 1 April 2017 (F(No 2)A 2017, s20 and Sch 5)
• Commentary on the Hybrid Rules that can prevent tax deductions for financing costs
• Changes to trading in land and transactions in land, based on changes introduced in March and July 2016
• New section on Base Erosion and Profit Shifting (BEPS)
• Commentary around avoidance practices and HMRC success in 2016 and 2017 with reference to case law, in particular the Development Securities.