Property Tax Report

Simple Tips & Strategies on How You Can Reduce Your Property Tax Bill

Unfortunately we all have to pay tax. It’s just a fact of life and we have to live with it. However, many landlords and property investors do not understand the basics of the property tax law and hence cannot take advantage of the many tax breaks and allowances that the Inland Revenue allow you to take advantage of.

Effective tax planning is a combination of knowing the basic tax laws, good account management and obviously getting expert advice. This report aims to give you a rundown of the basics of property tax for buying, renting, developing and selling property in the UK and abroad. There are also some simple tax strategies that you can use, which will immediately save you money on your future property tax bill.

This is what you will learn:

● Learn the basic rules & your allowances for buying, selling & letting property in the UK & abroad

● The 10 property taxation bands that you will fall into

● The latest tax law on Stamp Duty Land Tax

● Legislation on Disadvantaged Areas Relief

● The rules and regulations surrounding Capital Gains Tax

● Your allowable allowances for Capital Gains Tax

● How Capital Gains Tax is worked out

● The latest Capital Gains Tax rates

● The rules that apply to Private Residence Relief

● Taxation rules on rental income

● How you work out your tax on your rental income

● The allowable expenses on your rental income

● Tax rules on letting all or part of your home

● Tax rules & allowances on the ‘rent a room’ scheme

● The tax rules & allowable allowances on UK furnished holiday lettings

● The tax rules & allowable allowances on overseas property lettings

● Basic rules on inheritance tax, rates of inheritance tax, beneficiaries and trusts

There are also 15 simple tax strategies that you can use to reduce your property & personal tax bill:

● How managing your properties through a limited company can reduce your tax bill

● How buying a property in partnership can reduce your tax liabilities

● How to legally completely avoid paying capital gains tax on your rental properties

● How you can offset your mortgage interest against equity release from your property

● The type of costs you can offset against your rental income

● The difference between revenue and capital expenses

● The rules of how you can offset interest on your mortgages and loans against your rental income

● The rules of offsetting refurbishment costs against capital gains tax

● How you can benefit by releasing equity from your own home

● How you can benefit from buying off-plan property

● The important differences between repair and improvement costs

● How you can dramatically reduce your VAT bill on your refurbishment costs to 5% or 0% VAT

● How you can claim a 100% allowance on your total refurbishment costs

Who this report is suitable for:

● Anyone who wants a greater understanding on the property taxation laws and the allowances available to you

● Landlords and property developers who want to legally reduce their tax bill

● Overseas property investors who want to learn the basic rules of property tax law