TAXATION OF REAL PROPERTY - Income & Capital

This book covers all the taxes relating to real property on income and capital in the UK and provides information generally on tax matters. The taxes are stamp duty (SDLT) payable on the acquisition of a property, income tax on rental income, including income from trusts. Corporation tax is covered as many companies derive rental income and gains from property. The main capital taxes are capital gains tax (CGT) and inheritance tax (IHT). In addition to these taxes, council tax and business rates are covered as they are payable by occupiers. VAT is covered briefly as it applies to transaction relating to new commercial properties, renovation work and services relating to property. Despite its title, this book can be used as a taxation textbook.