Property Tax Planning

Helping you quickly 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 2018: 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, from April 2020 Non-resident capital gains on any immovable property subject to tax from April 2019. Also includes the following: Changes to substantial shareholding exemption (F(No 2)A 2017, ss26-28) Carry forward loss rules/changes to group relief (F(No 2)A 2017, s18 and Sch4) Effective replacement of worldwide debt cap with the Corporate Interest Restriction rules from 1 April 2017 (F(No 2)A 2017, s20 and Sch 5) Commentary on the Hybrid Rules that can prevent tax deductions for financing costs Changes to trading in land and transactions in land, based on changes introduced in March and July 2016 New section on Base Erosion and Profit Shifting (BEPS) Commentary around avoidance practices and HMRC success in 2016 and 2017 with reference to case law, in particular the Development Securities.

Andrew Crossman is a Tax Partner at BDO LLP, specialising in real estate taxation matters, including tax due diligence, inbound and outbound investment structures, HMRC enquiries and stamp taxes. Andrew is an Associate of the Institute of Chartered Accountants in England and Wales and a Member of the Chartered Institute of Taxation.