How to Save Property Tax 2020/21 - Carl Bayley

25th edition - Over 300 pages of tax planning advice for landlords and property investors

How to Save Property Tax is widely regarded as the tax bible for property investors.

Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you absolutely everything you need to know about paying less income tax, capital gains tax and stamp duty land tax on your property investments.

It's essential reading for:

• Property investors and landlords
• Second home owners
• Those renovating or developing property
• Accountants, solicitors and professional advisers

The author, Carl Bayley FCA, was chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and is currently a member of the institute's governing council.

The latest edition is completely up to date and contains the following new information:

• A brand new chapter on tax planning during the coronavirus crisis.
• Long-term planning that can be carried out at a much reduced tax cost in the current climate (in one example, a landlord saves over 100,000 by acting now).
• A new chapter examining potential future tax changes and how to plan for them.
• Why there is currently a window of opportunity to save up to 15,000 in stamp duty land tax on transfers of property to your spouse.
• How to save tax by bringing forward taxable profits if you expect to have a lower tax rate this year.
• Detailed guidance on claiming bad debt relief, especially for rent arrears.
• Fully updated guidance on the major changes to principal private residence relief and private letting relief and the planning opportunities that remain.
• A detailed look at the 50/50 default basis for splitting rental income received from a property held jointly by a married couple.
• Why the cash basis may be beneficial to use in the current climate.
• A new section on taxation of property businesses held by trusts.

All in all this guide tells you pretty much everything you need about tax if you are a landlord or own any other type of property business.