SEVEN free landlord tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!

Contents- How to Avoid Landlord Taxes

There is no easier way to cut your landlords tax bills than by following any of the proven strategies in this guide. This easy to read and unique guide is written jointly by a property investor and a UK leading property tax specialist.

See below for contents of the guide.

1.    About the Authors
1.1.        Arthur Weller - The Property Tax Specialist
1.2.        Amer Siddiq - The Landlord
1.3.        Acknowledgements
2.    Understanding your Tax Liabilities
3.    Income Tax Liabilities for Investors/Traders
3.1.        Property Investor
3.2.        Property Traders/Dealers
3.3.        Income Tax Rates
3.4.        Income Tax Calculation Case Studies
3.4.1.            Income Tax Calculation for Property Investors
3.4.2.            Income Tax Calculation for Property Developers
4.    Owning Properties as a Sole Trader
4.1.        Buying Properties as a Sole Trader
4.2.        When is it Tax Efficient to Buy Property as a Sole Trader?
4.3.        When is it NOT Tax Efficient to Buy Property as a Sole Trader?
4.4.        How Do I Get a Mortgage If I Have No Income?
4.5.        A Note About Selling Properties When Operating as a Sole Trader
5.    Income Tax & Property Partnerships
5.1.        What is a Property Partnership?
5.1.1.            Joint Tenants
5.1.2.            Tenants in Common
5.2.        When to Consider Buying in a Partnership
5.3.        Partners Must Be TRUSTWORTHY
5.4.        Partnerships Between Husband and Wife
5.5.        Partnerships Between Those Other Than a Husband and Wife
5.6.        How to Declare a Partnership Split to HMRC
5.7.        Moving Properties into Joint Ownership to Avoid Income Tax
5.7.1.            Three Simple Steps to Follow
5.7.2.            Typical costs incurred when transferring
6.    How to Jointly Own a Property 50:50 but Split Rental Income 90:10!
6.1.        What Has To Be Done?
6.2.        How Does This Work In Practice?
6.3.        What Does HMRC Think Of This Arrangement
6.4.        Property Owners Who Are Married Couples
6.5.        Getting it Right!
7.    Offsetting Interest Charges
7.1.        Interest on Mortgages
7.2.        A Note About ‘Interest Only’ and ‘Repayment Mortgages’
7.2.1.            Interest Only Mortgage
7.2.2.            Repayment Mortgage
7.3.        Interest on Personal Loans
7.3.1.            Loan Used for Providing Deposit
7.3.2.            Loan Used for Refurbishments/Developments
7.3.3.            Loans Used for Purchasing Products
7.3.4.            Loans to Continue the Running of Your Business
7.3.5.            Interest on Overdrafts
7.4.        Interest on Re-Mortgages
7.5.        Purchasing a Property with Cash and Then Re-mortgaging
7.6.        Understanding Paragraph 45700
7.6.1.            Benefiting from Interest Relief When Buying Off-Plan
7.6.2.            Benefiting from Interest Relief When Letting Out Home
8.    10% Wear and Tear or Renewals?
8.1.        What is the 10% Wear and Tear Allowance?
8.2.        Understanding When the Allowance Can Be Used
8.3.        Understanding the ‘Renewals Basis’ Method
8.4.        How to Decide Which Method to Use
9.    ‘Wholly and Exclusively’
9.1.        Understanding the Term ‘Wholly and Exclusively’
9.2.        What If Cost is Not Wholly and Exclusively Incurred?
9.3.        Costs of Maintenance and Repairs
9.4.        Typical Maintenance/Repair Costs
9.5.        The Big Misconception About Costs When A Property Is First Let?
9.5.1.            Allowable Expenses
9.5.2.            The Test
9.5.3.            A Cinema
9.5.4.            A Ship
9.5.5.            Practical Tip
9.6.        Capital Improvements
10.    Replacing Your Fixtures and Fittings
10.1.        What are Fixtures and Fittings?
10.2.        Replacing Fixtures and Fittings
10.2.1.            Like-For-Like Replacement
10.2.2.            What If It Is Not Possible?
10.2.3.            Like-for-Like Replacement But With Improvements
11.    Other Ways to Reduce Your Income Tax Bill
11.1.        Rents, Rates, and Insurance
11.1.1.            Rents
11.1.2.            Rates
11.1.3.            Insurance
11.2.        Can I Offset Pre-Trading Expenditure?
11.3.        Carrying Over Rental Losses
11.4.        Travelling Costs
11.4.1.            Car Usage
11.4.2.            Public Transport
11.4.3.            Travelling Costs for Overseas Property
11.5.        General Property Costs
11.6.        Storage Costs
11.7.        Other Common Landlord Expenditures
11.8.        Can I Offset the Cost of a £5,000 Property Seminar?
11.9.        Capital Allowances for Landlords
12.    The Two Ways to Calculate your UK Property Rental Income Profits
12.1.        Cash Basis
12.2.        Comments About the Cash Basis Method
12.3.        Earnings Basis
13.    Can a Limited Company Improve YOUR Tax Position?
13.1.        The Most Commonly Asked Tax Questions
13.2.        Transferring Properties into a Limited Company
13.3.        Understanding ‘Limited Liability’
13.4.        Two Major Tax Benefits of Using a Limited Company
13.4.1.            Benefits
13.4.2.            Drawbacks
14.    How to Use a Property Management Company to Save Income Tax
14.1.        Will a Property Management Company Save me Tax?
14.2.        Draw Up Formal Contracts Between You and Your Company
14.3.        Beware of Artificial Transactions!
15.    Saving on Stamp Duty
15.1.        When Do Property Investors Pay Stamp Duty?
15.1.1.            Stamp Duty when Buying New Land or Property
15.1.2.            Stamp Duty when Transferring a Property
15.2.        Stamp Duty Loophole Closed
15.2.1.            HMRCs Anti-Avoidance Measure
15.3.        Watch Out For “Linked Transactions”!
15.3.1.            ‘Splitting’ Transactions
15.3.2.            A Higher SDLT Liability
15.3.3.            A Pitfall to Watch
15.4.        Watch Out for The Stamp Duty Tax Trap When Gifting a Property!
15.4.1.            Chargeable Considerations
15.4.2.            Release of Debt - Mortgages
15.4.3.            Works and Services
15.4.4.            Transfer of Connected Property
15.4.5.            Partners and Joint Purchasers
16.    Tax-Free Income for Renting Out Part of Your Home
16.1.        What is the Rent-a-Room Relief?
16.2.        Choosing Not to Use the Relief
16.3.        Renting Out in Joint Ownership
17.    Generous Tax Breaks for Holiday Lets
17.1.        Qualifying Criteria for a Holiday Let
17.2.        Three Generous Tax Benefits Associated With Holiday Lets
17.2.1.            Offsetting losses against other income
17.2.2.            Re-investment of Capital Gains
17.2.3.            FHL – New Rules Proposed
18.    Tax Implications When Converting Properties into Flats
18.1.        Scenario 1
18.2.        Scenario 2
18.3.        Scenario 3
18.4.        Scenario 4
18.5.        Practical Tip
19.    Understanding Capital Gains Tax (CGT)
19.1.        When You Are Liable to Pay CGT
19.2.        Why Exchanging Contracts Can Defer Your Tax Bill
19.3.        Recent History and Changes to the CGT Rate
19.4.        How Your CGT Bill is Calculated
20.    Avoid CGT by Using ‘Private Residence Relief’
20.1.        What is Private Residence Relief?
20.1.1.                Full residence relief
20.1.2.                Partial residence relief
20.2.        How Long in a Property Before It Can Be Classed as My PPR?
21.    The EASIEST Way to Legitimately Avoid CGT
21.1.        Understanding the ’36-Month Rule’
21.2.        How to Use the 36-Month Rule to Your Advantage
21.3.        Wiping Out CGT by Using Private Letting Relief
22.    Increasing Property Value and Avoiding Tax
22.1.        No CGT on the First 12 Months of Ownership
22.2.        Using the Rule to Grow a Portfolio Without Paying CGT
23.    Indexation and Taper Relief
23.1.        Properties Purchased Before 1982
23.2.        Indexation Relief
23.3.        Non-business Taper Relief
23.4.        Bonus Year of Taper Relief
24.    Nominating Residence to Avoid CGT
24.1.        Having More Than One Family Home
24.2.        Nominating Your Residence to HMRC
25.    Flipping Marvellous
25.1.        The Election
25.2.        ‘Flipping’ in Practice
25.3.        Which Property Should Be ‘Flipped’?
25.4.        What Happens if No Election is Made?
25.5.        What Happens if the Election Date is Missed?
25.6.        ‘Serial’ Property Sellers
26.    Other Ways to Reduce Your CGT Bill
26.1.        Using Your Annual CGT Allowance
26.2.        Capital Losses
26.3.        Buying and Selling Costs
26.4.        Selling at the Right Time Can Save You Tax!
27.    Never Sell a Property Means No Tax?
27.1.        The CGT Trap
27.2.        Relief for Interest Paid
27.3.        Rental Income
27.4.        Inheritance Tax
27.5.        When Not to Sell
27.6.        Beware of Simple Strategies!
28.    Using Property Partnerships to Cut Your CGT bill
28.1.        Making Use of Multiple CGT Allowances
28.2.        Save Tax by Transferring to Your Husband/Wife or Civil Partner
28.2.1.            Transferring to Lower-Rate Taxpayer
28.2.2.            Transferring if Partner Has Registered Losses
28.3.        Transferring Strategies for Non-spouse/civil Partnerships
28.3.1.            Transferring in Stages
28.4.        Transferring at ‘Arm’s Length’
29.    Advanced Strategies for Avoiding CGT
29.1.        How to Claim an Additional Three Years of PPR
29.2.        Claiming PPR When Working Overseas
29.3.        Claiming PPR When Re-locating in the UK
29.4.        CGT Implications of Providing Property to Dependent Relatives
30.    Selling the Gardens or Grounds of Your Home
30.1.        The “Permitted Area”
30.2.        Location of Garden
30.3.        Timing of Sale of Garden
30.4.        Use for Other Purposes
30.5.        Buildings on Land
31.    Splitting Land or Property
31.1.        Splitting Properties
31.2.        Types of Joint Ownership
31.3.        Do They Have To Be Business Assets?
31.4.        Equilibrium
31.5.        Principal Private Residence (Your Home)
31.6.        Spouse and Civil Partners
31.7.        Stamp Duty Land Tax (SDLT)
31.8.        A Practical TIP
32.    Understanding Inheritance Tax
32.1.        What is Inheritance Tax?
32.2.        One VERY Important Point to Note!
32.3.        FOUR Simple Ways to Reduce Inheritance Tax
32.4.        Don’t Forget Your Capital Gains Liability
32.5.        How to Avoid Inheritance Tax on Your Family Home
32.5.1.            Lifetime Planning
32.5.2.            “First Death” Planning
32.6.        Other IHT Exemptions
32.6.1.            Completely Exempt
32.6.2.            Annual Exemptions
32.7.        NIL Rate Band for Surviving Spouse
33.    Using Trusts to Minimise Inheritance Tax for Family Members
33.1.        Onshore Versus Offshore
33.2.        Discretionary Versus Fixed Interest
33.2.1.            Example 1: Discretionary Trust
33.2.2.            Example 2: Fixed Interest Trust
33.3.        Bare Trust
33.4.        Protective Trust
33.5.        Disabled Trust
33.6.        Taxation
34.    Tax Liability for Commercial Property Owners
34.1.        100% Capital Allowances for Flats Over Shops
34.1.1.            Qualifying Properties
35.    Essential Tax Advice for International Property Investors
35.1.        About Daniel Feingold
35.2.        UK People Investing Outside the UK
35.3.        Tax Advice for Ex-Pats
35.4.        Tax considerations for people investing in the UK
35.5.        Summary
36.    The Importance of Good Property Records
36.1.        Keeping Receipts
36.2.        Specifically What Costs are Allowable in a CGT calculation?
36.3.        Purchase Price or 31 March Valuation Figure – Which to Use?
36.4.        What Does HMRC Say?
36.5.        What Happens if You do not Have the Documents...?
37.    Manage Your Taxes Using ‘Award Winning’ Software
38.    Finding an Accountant
38.1.        Accountants Qualifications
38.2.        General Advisor or Tax Specialist?
38.3.        How to Choose Your Adviser
38.3.1.            Will I Need a Tax Adviser or an Accountant?
38.3.2.            What Qualifications?
38.3.3.            How Much Experience do they Have?
38.3.4.            How Much Will it Cost?
38.3.5.            Professional Bodies
38.3.6.            What About Indemnity Cover?
38.3.7.            How do I Contact My Tax Adviser / Accountant?
38.3.8.            Keep up to Date with Tax Legislation Changes
38.3.9.            What if I Have an Emergency?
38.3.10.    Does the Adviser Sell ‘off the Shelf’ Packages?
39.    The Importance of Tax Planning
39.1.        Knowing When to Consider Planning
39.1.1.            Buying
39.1.2.            Repairs and Refurbishment
39.1.3.            Selling
39.1.4.            Life Changes
39.1.5.            Politics
39.1.6.            End and Start of Tax Year
39.2.        The Real Benefits of Tax Planning
39.2.1.            Paying Less Tax
39.2.2.            Clear ‘Entrance’ and ‘Exit’ Strategies
39.2.3.            Staying Focused
39.2.4.            Improving Cash Flow
39.2.5.            Avoiding Common Tax Traps
39.3.        Asking HMRC for Tax Advice
39.3.1.        Making Use of HMRC Services
39.3.2.            The Drawback
39.3.3.            A Practical Tip
39.4.        The Golden Tax Rules
39.4.1.            Education…Education…Education
39.4.2.            Prevention is Better Than Cure
40.    Appendix A—Indexation Factors for Calculating Indexation Relief