How to Avoid Tax on Foreign Property [Paperback]by Carl Bayley
Usually ships within 1 to 3 working days Description of How to Avoid Tax on Foreign PropertyThis unique new book tells you everything you need to know about paying less tax on foreign property. Whether you're buying a dream holiday home or building an overseas property empire, this guide will steer you towards handsome tax savings. Subjects covered include how to pay less tax on foreign rental income both in the UK and abroad, how to avoid capital gains tax on overseas property, how to get the taxman to pay for your overseas trips, including flights, hotels and meals, how to recover VAT at up to 25% on overseas property purchases, the benefits and dangers of using a company to buy foreign property, how to avoid foreign inheritance tax and wealth tax, how to protect your property from foreign succession laws, how to get tax relief for foreign currency losses and how double tax agreements work and what can they do for YOU. Detailed chapters outlining the property tax systems in some of the most popular destinations including France, Spain, Bulgaria, Italy, Portugal, Cyprus and Dubai.People who bought this book also boughtTitle Information
Write a review of this book Customer Reviews from AmazonAbout Carl BayleyThe 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 talk to over 450 people at the Property Investor Show. 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.Contents of How to Avoid Tax on Foreign Property1. Background1.1 Double Trouble 1.2 Where Do UK Residents Like to Buy Property? 1.3 Using This Guide 1.6 A Word About the Examples 2. UK Tax On Foreign Property 2.1 No Escape? 2.2 How Overseas Property Taxed in the UK 2.3 Other UK Taxes on Foreign Property 2.4 Overseas Holiday Homes 2.5 Basic Principles of UK Income Tax 2.6 New Foreign Property Income 2.7 Unremittable Income and Gains 2.8 Dealing with Revenue & Customs 3. UK Tax on Overseas Rental Income 3.1 Oil & Water 3.2 Accounts and Tax Returns 3.3 Types of Foreign Income 3.4 Occasional Rental Income 3.5 Deductible Expenditure 3.6 Travel and Subsistence 3.7 Local Taxes 3.8 Pre-Trading Expenditure 3.9 Foreign Rental Loss 4. Trading with Foreign Property 4.1 What is Foreign Property Trade 4.2 How are Foreign Property Trading Profits Taxed in the UK? 4.3 Tax Returns 4.4 Deductions For Foreign Property Trades 4.5 Commencing a New Property Trade 4.6 Trading Losses 5. Capital Taxes on foreign Property 6. Foreign Exchange 7. Double Tax Relief 8. Non-UK Domiciled Taxpayers 9. Emigration to Avoid UK Taxation 10. Using a Company 11. Special Purpose Vehicles 12. They Do Things Differently There 13. Some Important Concepts 14. The European Union 15. France 16. Spain 17. Italy 18. Portugal 19. Cyprus 19.1 A Divided Island 19.2 Legal and Tax Regime 19.3 Taxes on Property Purchases 19.4 Annual Charges 19.5 Rental Income 19.6 Capital gains 19.7 Inheritance and Gifts 19.8 Tax Residence 19.9 Companies in Cyprus 20. Bulgaria 20.1 New Kid on the Block 20.2 The Bulgarian Tax and Legal Regime 20.3 Taxes on Property Purchases in Bulgaria 20.4 Annual Charges 20.5 Rental Income 20.6 Capital gains on Bulgarian Property 20.7 Inheritance and Gifts 20.8 Succession Law 20.9 Bulgarian Tax residence 20.10 Companies Investing in Bulgarian Property 20.11 Financing a Bulgarian Company 21. Dubai 21.1 Eastern Promise 21.2 Dubai Property Law 21.3 Taxation in Dubai 21.4 Land Department Fees 21.5 Inheritance, Gifts and Other Transfers 21.6 Succession Law 21.7 Free Zones Appendix A: Top 20 Destination Countries Appendix B: UK Tax Rates and Allowances Appendix C: The European Union & The European Economic Area Appendix D: Tax Return Supplements Appendix E: Specialist Tax Offices Your recently viewed titles |
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