Tax on Property 2005-06

Out Of Print
From distinguishing between income and capital to considering the property owner’s status, the calculation of property tax liability can be time consuming and full of pitfalls.

The new Tax on Property handbook guides you through the maze of tax laws and helps you avoid the hazards. It deals with all aspects of the taxation of property and includes information on all the main taxes – Income Tax, Capital Gains Tax, Inheritance Tax, VAT, Stamp Duty Land Tax, Landfill Tax, Aggregates Levy and Business Rates – and how they affect property transactions.

It also covers the Construction Industry Scheme, Capital Allowances and the financing of property transactions. What is new in property taxation?

• Anti-avoidance schemes on private residences
• Relief for expenditure on energy-saving items by landlords.
• New legislation on pre-owned assets.
• Stamp Duty Land Tax now applicable to partnerships.
• The new disclosure regulations, which refer to the first grant of a major interest in a building.
• Other developments brought about by the Finance Act 2005.