Tolley's Property Taxation 2008-09

Tolley's Property Taxation is the essential reference book on property taxation in the UK - providing an answer to every query. Covering all current and proposed taxes on property, including CGT, SDLT, VAT, Planning Gain and Income Tax, the book takes an integrated approach, looking at the interaction of taxes in certain areas, rather than just individually and provides authoritative answers to all your queries in a single volume. Detailed chapters include all the common (and less common) situations for the practitioner and their client, covering everything from REITs and Other Fund Vehicles, to Capital Allowances and Rental Investments. Technical issues are illustrated by examples throughout and, where relevant, detailed commentary on applicable case law and precedents supports in-depth research. New to this edition: * VAT - covering the changes to the 'option to tax' (part of the rewrite of Schedule 10 to the VAT Act which came in on 1 June 2008) and material on the 'transfer of a going concern' (the 'TOGC' rules) * REITs - covering the new rules regarding joint ventures and takeovers and the additional guidance from HMRC on how the REIT exit provisions apply * Capital Allowances - covering the disappearance of Industrial Buildings Allowances and Hotel Buildings Allowances, the changed depreciation rates, the new category of 'Integral Features' and practical guidance on how to maximise the 100% first year allowances available under the ECA legislation. * Stamp Duties - covering SDLT and the changes to compliance and reporting thresholds, the ambiguously drafted restriction of group relief claw-back, the new complicated rules relating to transfers of interests in property owning partnerships and the abolition of certain fixed stamp duties. * Anti-avoidance - covering the amendments to the disclosure of tax avoidance schemes made by the Finance Act 2008. Featuring authoritative planning advice from leading property tax specialists such as Martin Scammell and Patrick Cannon, Tolley's Property Taxation is written to assist the novice and expert alike, in whatever line of business where UK property is an issue.