Contents - Tax Secrets for Property Developers and Renovators
Conten About James Bailey About This Guide 1.1 Homeowners 1.2 Buy to Let 1.3 Buy to Sell 2 A Word about Limited Companies 3 What This Guide is Not About 4 Staying on the Right Side of the Prison Wall 4.1 Tax Planning and the Duke’s Gardener 4.2 Anti-avoidance Legislation 4.3 The “Ramsay” Doctrine 4.4 The Disclosure Rules 4.5 Tax Evasion – The Other Side of the Prison Wall! 5 Key Tax Dates for Your Diary 6 Anti-avoidance legislation – Section 776 ICTA 1988 7 Trading in Property 7.1 How to Avoid the £100 Trading Fine 7.2 National Insurance (NI) Contributions 7.3 Income Tax and NIC for the Property Developer 7.4 Property Development and Limited Companies 7.5 Accounts and Records 7.6 The Construction Industry Scheme (“CIS”) 7.7 Why bother with the CIS? 7.8 VAT 7.9 Property Developers and Trading Stock 7.10 Property Not Acquired as Trading Stock 7.11 Taking Out Property Trading Stock for Your Own Use 7.12 Expenses for Property Developers 7.13 “Wholly and Exclusively” 7.14 Allowable Expenses 7.15 Travelling Expenses 7.16 Cost of Car and Capital Allowances 7.17 Alternative Method for Car Mileage 7.18 Other Capital Allowances 7.19 Employed or Self Employed? 7.20 Grossing Up 7.21 Losses 7.22 Finance 7.23 Proprietor’s Capital Account 7.24 Loans for Mixed Purposes 7.25 Partnerships 8 Taxation for Homeowners 8.1 The Basic Exemption 8.2 “Only or Main Residence” 8.3 “Garden or Grounds” 8.4 Periods of Absence 8.5 “Job-Related Accommodation” 8.6 “The 36 Month Rule” 8.7 Nominating Your Main Residence 8.8 Relief for Letting 8.9 Income Tax Relief for Letting 8.10 Restrictions on Main Residence Relief 8.11 Withdrawal of Main Residence Relief 8.12 Pseudo Property Dealing 8.13 Enfranchisement of Leasehold Property 9 Property Development of Your Home 9.1 Selling the Garden 9.2 What is a “Main Residence”? 10 Buy to Let Development 10.1 Income from property 10.2 Capital v Revenue, and “Wholly and Exclusively” 10.3 Allowable Expenses 10.4 Bad Debts 10.5 Cash Basis 10.6 Loft and Cavity Wall Insulation 10.7 Rent Collection 10.8 Staff Costs 10.9 Repairs and Renewals 10.10 “Notional Repairs” 10.11 Modern Materials 10.12 Repairing Newly – Acquired Property 10.13 Legal and Professional Fees 10.14 Furniture, etc. 10.15 Renewals Allowance 10.16 Wear and Tear Allowance 10.17 Renewals and Wear and Tear Allowance 10.18 Capital Allowances (CAs) 10.19 Flat Conversion Allowances 10.20 Losses 10.21 “Partnerships” and Letting Property 10.22 Travelling Expenses 11 Financing the Property & Developments 12 Furnished Holiday Accommodation 12.1 So, What is “Furnished Holiday Accommodation?” 12.2 Advantages of Furnished Holiday Accommodation (FHA) 12.3 Capital Allowances 12.4 Losses 12.5 Pension Contributions 12.6 Profit Split for Married Couple or Civil Partnership 12.7 Capital Gains Tax 12.7.1 Rollover relief 12.7.2 Gifts of Business Assets 12.7.3 Business Taper Relief 13 Commercial Property 13.1 Capital Allowances 13.2 Premiums for Leases 13.3 Taper Relief and Commercial Property 14 Taper Relief 14.1 What is a “Business Asset” 14.2 Buy to Let and Business Asset Taper relief 14.3 Taper Relief and Relief for Main Residence – a Nasty Trap 14.4 Gifts Between Spouses (and Civil Partners) 15 Stamp Duty Land Tax 15.1 “Chargeable Consideration” 15.2 Debts (Including Mortgages) 15.3 Transfer to a Company 15.4 Exchange of Property 15.5 “Linked Transactions” 16 Tax Investigations 17 Inheritance Tax for Property Developers 17.1 IHT – The Basics. 18 Bonus Report - How to Master a Tax Investigation Appendix A – VAT Questions and Answers General VAT Questions Full-time Property Developers VAT and Buy-to-Let VAT - Investigations APPENDIX B – List of Case Studies |

Contents - Tax Secrets for Property Developers and Renovators
