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Essential Tips to Avoid Property Taxes

Helping You Make Sense of the Tax Changes to Increase Your Wealth
Narrated by: James Young
Length: 2 hrs and 58 mins

Non-member price: $10.08

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Publisher's Summary

Since the July 2015 budget, the chancellor continues to throw challenges at UK buy to let investors. Clause 24, restricting the availability of interest tax relief, the abolition of the 10 percent wear and tear allowance, changes to stamp duty, and dividends are causing significant tremors in the buy to let sector.

This book builds on Iain's best seller Legally Avoid Property Taxes, which includes 51 tax tips that you should be aware of to legally avoid tax - whether you do your own self-assessment returns or pass everything over to your accountant, he wants to make absolutely sure that you've not left any money on the HMRC table.

This book is a review of the significant changes that have been brought about by the 2015 budget, how you can make sense of these changes, and what you can do to lessen the impact of direct taxation on your property portfolio.

The 2015 budget, and in particular Clause 24 and the tax treatment of loan interest removing tax relief at the highest rates of tax, has made tax changes that will impact you wherever you are on your property journey, and Iain wants to make sure that you don't just stumble across them. Armed with the correct knowledge, these changes can be dealt with.

How you handle a property investor deal with these significant changes, as with anything, in life will determine your success in property. For some there will be massive short-term pain that may require a complete review of why they invest in property, but through that pain will come clarity and long-term gain. Some part-time landlords may now choose to exit the market, and this will help with that decision; for others a bit of tweaking will be all that is required, and for those with large property portfolios potentially some more fundamental changes.

©2016 Iain Wallis (P)2016 Iain Wallis

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  • sam
  • 15-08-2016

Tax

Not the most thrilling read but good considering what it was talking about. I don't think reading this will set your world on fire but it may well save you a lot of money!

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  • Jason
  • 21-01-2019

Such a useful book- a must for anyone with a property portfolio or starting out

Tax was originally setup for generating revenue for war! Now we’ll all face our own war against unfair, immoral and sometimes debilitating taxes from the treasury who employ ever increasing stealth tactics to rob us and our families from our hard earned wealth! This book goes some way to arm you for the battle to keep hold of your wealth for now and for your future generations. Take up arms (with this book) and fight for to keep what’s rightfully yours!!

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  • Kenny Marshall
  • 13-10-2016

Excellent summary for Clause 24 actions

This is an excellent summary for private Landlords wanting to reduce their tax levels and proactively deal with Clause 24. Plenty of hints, tips and ideas. Some great personal humour breaks up the dry tax subject. I would highly recommend this book.

3 of 4 people found this review helpful

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  • Paddymonster
  • 13-06-2016

If you have even one buy to let property get this.

The major future problem for buy to let investors is the reduction of interest tax relief to a maximum of 20% by 2020. So what? Well the (complicated) way it is calculated means that it affects so many other aspects of taxation and allowances that you may be paying marginal tax rates of over 100%. Worse still you might have a tax bill on a loss. If you do nothing, expect nightmares! If you do one thing -BUY THIS BOOK.

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  • andrew gilchrist
  • 09-09-2019

Good Listen

A good listen, would maybe be better with the book though. I prefer to see figures in order to understand them fully. I did take some good information from this though.

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  • Mr M.
  • 16-01-2019

Brilliantly read and a wealth of information

Enlightening and thought provoking words of wisdom, which will without doubt prove to save funds which in turn will then be available to reinvest. Thank you for shining a light on tax which will help plan a better future

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  • Amazon Customer
  • 31-10-2018

Very interesting and full of useful nuggets

This book will not disappoint does exactly what it states. In the best possible way.

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  • frank
  • 24-04-2018

Simply Brilliant!!!

One of the best property investment audio book I've listened to with plenty of real life case studies to guide you through. Simply Brilliant!!!

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  • Amazon Customer
  • 19-11-2017

Excellent book

This is my second book of Iain Wallis. Really helpful in understanding recent tax changes in application to real life of of ever changing tax requirements. Thank you for your expertise and advise as cited on real life scenarios.

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  • Amazon Customer
  • 04-10-2017

Interesting and informative

Interesting and informative but need to listen to it again to fully understand. Thank you.