Description
Bloomsbury Publishing (UK) Property Tax Planning by Andrew Crossman
Helping to 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 2019: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;Non-resident capital gains on any immovable property subject to tax.Also includes the following:Changes to capital allowances legislation;Changes to substantial shareholding exemption;Carry forward loss rules/changes to group relief;Effective replacement of worldwide debt cap with the Corporate Interest Restriction rules;Commentary on the Hybrid Rules that can prevent tax deductions for financing costs;Changes to trading in land and transactions in land.