STATUS: UPDATING FOR 2010/11
Using a Property Company to Save Tax
If you own property one of the biggest decisions you must make is whether to invest personally or start your own property company.
There are lots of reasons for starting a company but probably the most important one is to SAVE TAX.
In fact the potential tax savings are so large that we decided to devote a whole guide to the subject. Our analysis shows that, by following certain techniques, you could earn around 27% more profit by using a company to invest in property.
Alternatively, in less buoyant times, we also show you how a property company could enable you to turn a pre-tax loss into an after-tax profit.
There are also a number of traps to avoid and pitfalls to negotiate so it is essential that you arm yourself with all the relevant facts. This guide looks at the whole picture and explains ALL the tax consequences of property company ownership.
"An excellent tax resource....informative and clearly written using numerous case examples to demonstrate how the tax system will apply to different landlords with different financial circumstances."
"If you have a buy-to-let investment, or make money from buying and selling property, take a look at Taxcafe's website for tax-saving tips for property investors."
What Information is Contained in the Guide?
Like all Taxcafe guides, Using a Property Company to Save Tax is written in plain English and contains numerous examples and tax planning tips. Subjects covered include:
- Summary of all company tax benefits and drawbacks.
- A definitive answer to the "Should I or shouldn't I use a company?" question.
- How you can earn an impressive 27% more profit by using a property investment company.
- How you can use a company to turn a pre-tax loss into an after-tax profit.
- Why a company is ideal for those investing in property as an alternative pension.
- The enormous benefits of property development companies - how you can keep 37% more of your development profit by using a company.
- How to get a tax refund of up to £300,000 AND enjoy tax-free capital growth by investing in the right kind of company.
- The tremendous benefits of the company tax regime for interest and finance costs.
- Why relief for rental losses is far easier for a company than for an individual.
- When you should NOT use a company to hold your investments.
- The many non-tax benefits of using a company.
- How to borrow money in the most tax efficient way.
- The different types of property company explained: Property investment/letting companies, property development/refurbishment companies, property dealing/trading companies, and property management companies.
- How and when to transfer existing properties into a company tax free.
- A clear and concise explanation of corporation tax and how companies are taxed.
- How companies get tax relief for capital expenditure on rental property.
- How to go about setting up your company with minimum hassle and expense.
- How stamp duty and VAT affect company investors.
- How to extract profits from your property company and pay little or no tax.
- How to sell individual properties or the whole company and pay the minimum tax.
- Possible future changes to the company tax regime and their impact on property companies.
- Plus lots more... the book tells you absolutely everything you need to know about using a company to invest, manage, develop or trade in property.
About the Author
The author is Carl Bayley BSc ACA, one of the country's most respected property tax experts. Carl is Senior Consultant at Taxcafe and author of some of our most popular tax guides. A regular speaker on tax matters, he was recently invited to speak at the Institute of Chartered Accountants' annual tax faculty conference. Carl is also a regular contributor to TV and radio programmes, such as the BBC's It's Your Money programme, and national newspaper articles on tax matters. He is a member of the governing council of the Institute of Chartered Accountants in England and Wales.
Free Bonus Tax Guide - How to Save Tax 2010!
This comprehensive tax planning guide contains over 150 pages of income tax, capital gains tax, inheritance tax and business tax saving tips. Completely up to date (January 2010), it is essential reading for anyone who wants to cut their tax bill this year. How to Save Tax 2010 normally costs £19.95 but is FREE for Taxcafe customers.
Please click here for more information on this excellent bonus guide.
What Will I Receive?
- Using a Property Company to Save Tax - Professionally printed 308 page tax saving book with full colour cover.
- Printed guides come with a FREE optional PDF copy of your book sent immediately to your email address. This means you can start making huge tax savings just seconds after the transaction is complete!
- A FREE copy of our comprehensive guide How to Save Tax - packed with useful tax tips and information for the current year - delivered immediately to your email inbox. Click here for more details on this title.
- Fixed Price Postage - Our postage and packaging charge is just £1.95 no matter how many items you order.
- Buy with Confidence - Taxcafe uses Worldpay's renowned secure payment server to process payments. Worldpay is part of the Royal Bank of Scotland Group. We also accept PayPal, the safe and easy way to make online payments.
