Publication date: March 2018 - Plain English guide with dozens of examples and tax planning tips.
This unique guide tells you EVERYTHING you need to know about using a company to invest in property.
The author, Carl Bayley FCA, is chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW).
The potential tax savings are significant. In one case study the author shows that using a company could result in a 66% increase in your after-tax income!
Tax relief on mortgage interest is now being restricted for individual landlords but this change does not apply to companies.
A recent landmark tax case means that it may be possible to transfer an existing property business into a company and make enormous tax savings (running into hundreds of thousands of pounds in some cases).
There are also a number of drawbacks and traps to avoid, so it's essential to arm yourself with all the relevant facts. This guide looks at the whole picture and explains all the tax consequences of using a property company.
The guide is also relevant to those involved in property development and shows how you can keep over 50% more development profit by using a company.
All recent tax changes are covered, including the recent freezing of Indexation Relief.