Best Property Tax Books | Top 3
Start your journey off right with the best property tax books
Whether you like it or not, the amount of tax you pay will affect your final property returns. As such, getting set up with the right tax structure is extremely important. And getting set up with the wrong structure could cost you hundreds or thousands of pounds each year in lost investment returns. In this short article, we’re going to take a look at the 3 best property tax books for UK investors.
Getting your affairs set up correctly from a tax perspective before you start is important. That’s because it can be hard to change your set up later without incurring costs. And it’s why reading the best property tax books before you start can be really rewarding. This can also help you to have better conversations with your property tax accountant or other advisers. But if you’ve already started, fear not. These books still have lots to offer.
All of the books in this list are priced at less than £30. As such, they are an inexpensive way to acquire the property tax knowledge you need to start your investment journey off right from the get go. These books are a solid investment and will pay for themselves several times over in the amount of tax you save. You can also read some of these books for free with Amazon’s Kindle Unlimited free trial.
You can click on the books to see the latest reviews and prices on Amazon. In addition, you can look inside to find out about the contents.
Our Reading List
Click links to see latest reviews and prices
1. How to Save Property Tax 2023/24 – Carl Bayley
Synopsis:
“How to Save Property Tax is widely regarded as the tax bible for property investors.
Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you everything you need to know about paying less income tax, capital gains tax and stamp duty on your property investments.
Essential reading for property investors and landlords, second home owners, and those renovating or developing property. It’s also
a great guide for accountants, solicitors and professional advisers.”
Our view:
Fantastic book for property investors looking to understand the tax rules and optimise their tax.
The Tax Cafe series of books is an excellent set of resources. This particular book focuses on the main property taxes. It has lots of great tips and advice useful for your tax planning, and it will help you to make sure you’ve set things up optimally at the start. Whether you’re a property investor, landlord, flipper or a trader, there’s lots of great tax advice here. It’s a must-have book.
A great book to read anytime in your property journey, but especially at the start. There’s a new edition each year with the latest tax rules.
.
2. Using a Property Company to Save Tax 2023/24 – Carl Bayley
Synopsis:
“This unique guide tells investors everything they need to know about using a company to invest in property.
The potential tax savings are significant. In one case study, the author shows using a company could result in a 62% increase in your after-tax income. Tax relief on mortgage interest is now restricted for individuals, but this change does not apply to companies.
There are also drawbacks and traps to avoid when using a company. So, it’s essential to arm yourself with all the relevant facts. This guide looks at the whole picture and explains all the tax consequences of using a company.”
Our view:
A straight-forward, no nonsense guide to the tax consequences of using a limited company for your property activities.
Following the buy-to-let tax changes in the UK, more and more property investors are looking at whether they should use a limited company to invest. If you’re serious about building a larger property portfolio, this is a key decision you’ll want to get right. It will affect the tax efficiency of your investments for years to come and has all kinds of consequences for profit extraction.
One of the must-have property investment books, if you’re trying to work out what’s best for your tax position and your portfolio overall.
3. How to Save Inheritance Tax 2023/24 – Carl Bayley
Synopsis:
“Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive book tells you all you need to know about UK inheritance tax.
The book takes a detailed look at both simple and sophisticated tax planning strategies and it will help you decide what action you and your family should take now.
The author, Carl Bayley, was chairman of the tax faculty at the Institute of Chartered Accountants (ICAEW) from 2015 to 2018 and is currently a member of the Institute’s governing council.“
Our view:
A wonderfully detailed guide to the inheritance tax system currently in operation in the UK.
Not a book about property taxes per se, but still a really useful guide to the strategies you and your family could employ to pay less inheritance tax. It covers the inheritance tax principles, the exemptions, and tax planning for couples and families. There are chapters on tax planning strategies using trusts, issues relating to capital gains tax and the family home, plus a section on the future of inheritance tax.
One of the best books on the market if you’re serious about inheritance tax planning.
Note: Please note that as an Amazon Associate, Essential Property earns a small commission from any qualifying purchases, which goes towards supporting this site.