Buy-to-Let Property Tax Handbook

By: Multi-authored
ISBN: 9781526509420

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About Buy-to-Let Property Tax Handbook

‘In my opinion, this will become the go-to reference for accountants with clients in this sector. Get a copy and see why for yourself.’ Tony Margaritelli, ICPA Chairman* Buy-to-Let Property Tax Handbook is a single source for tax practitioners, accountants and others who advise clients and need to be aware of the tax aspects of running a residential buy-to-let property business, as well as the main non-tax considerations. This Second... Read more

About Buy-to-Let Property Tax Handbook

‘In my opinion, this will become the go-to reference for accountants with clients in this sector. Get a copy and see why for yourself.’
Tony Margaritelli, ICPA Chairman*

Buy-to-Let Property Tax Handbook is a single source for tax practitioners, accountants and others who advise clients and need to be aware of the tax aspects of running a residential buy-to-let property business, as well as the main non-tax considerations.

This Second Edition has been brought up to date with significant legislative changes introduced since publication of the first edition, including all subsequent Finance Acts up to and including Finance Act 2019. It also features a new chapter on partnerships.

Legislative changes in this edition include the following:
The ‘cash basis’ for small unincorporated businesses (F(No 2)A 2017)
The £1,000 property allowance (F(No 2)A 2017)
Corporation tax: carried forward (F(No 2)A 2017)
SDLT: changes to higher rate provisions on additional dwellings (FA 2018); plus commentary on LBTT in Scotland and LTT in Wales

This handbook highlights key issues, tax planning opportunities and pitfalls for the unwary, and includes numerous worked examples and case studies, as well as references throughout to legislation and HMRC guidance.

With contributions from a wealth of property tax specialists, this book is an invaluable resource for accountants and tax practitioners who have landlords as clients and is also ideal for property investors themselves.

Mark McLaughlin is a tax consultant with The TACS Partnership LLP, and is co-founder of TaxationWeb (www.taxationweb.co.uk), the UK’s leading independent tax website. Mark is also General Editor of the Tax Annuals (Bloomsbury Professional).

Buy-to-Let Property Tax Handbook is written by Satwaki Chanda, Malcolm Finney, David Hannah, Robert Maas, Mark McLaughlin, Lee Sharpe, David Smith, Liz Syms, David Whiscombe, Martin Wilson and Ken Wright.

*Review of first edition

Table of Contents

PART 1: TAX ISSUES

1: Commencement of a property business
2: Calculating property business profits and losses
Appendix A: What expenses can be claimed for a buy-to-let property business?
3: Finance cost relief restrictions
4: Capital allowances
5: Furnished lettings
6: Furnished holiday accommodation/lettings
7: Loss relief
8: Jointly-owned properties
9: Non-resident landlords
10: Corporate landlords
11: Capital gains tax
12: Inheritance tax
13: Incorporation of a buy-to-let residential property business
14: Stamp duty land tax and land and buildings transaction tax
15: Other issues

PART 2: LEGAL ISSUES

16: Buy-to-let mortgages
17: Dealing with tenants and agents
18: Landlord obligations
Appendix B: Essential checklist for new landlords and new properties

Publishing Details

Publication Date: 25 July 2019
ISBN: 9781526509420
Binding: Paperback
Edition: 2
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