Carl Bayley

How to Save Property Tax 2021/22 Carl Bayley

26th edition - Almost 300 pages of tax planning guidance 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 landlordsSecond home ownersThose renovating or developing propertyAccountants, 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 was published in August 2021 and is completely up to date.




Subjects covered include:


All the expenses you can claim against your rental incomeHow to claim a big home office tax deduction How to deduct the cost of seminars, courses and books (like this one!) Motoring expenses landlords can claimHow landlords to claim repairs spending that a layperson would regard as an improvementHow to deal with rent reductions, rent holidays and bad debtsHow to amend previous returns if you've forgotten to claim expensesA plain English guide to how capital gains tax (CGT) is calculatedTried and tested CGT planning techniquesHow transfers between spouses can save significant amounts of CGTHow to use main residence elections to reduce CGT on second homesHow to use your children to save thousands in CGTAll the stamp duty issues facing property investorsThe tax treatment of property developmentTax planning for owners of furnished holiday lets




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.