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.

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Very useful book!

Great book, well worth a listen! It would be really interesting to have an update of where we are today, with how the changes have played out.

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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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Outstanding and informative

Highly recommend this book to every property investor no matter what stage you at in your property portfolio building journey

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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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The definitive guide to property taxes in the UK

This book covers all the intricacies of property taxes in the UK. Everything is covered including the latest changes to the tax laws around mortgage interest relief and 3% stamp duty i.e. S24. required reading for any UK property investors

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Good for it’s time

A lot had changed but still worth listening to for better understanding on tax implications.

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Total wake up call and Crucial! I must plan now!

What made the experience of listening to Essential Tips to Avoid Property Taxes the most enjoyable?

The humour was brilliant, at ease, personable, plus clarity and the delivery made it actually fun be concerned with the complex tax implications as one listens and get aware/a touch worried, and the clarity that you need a property specialist accountant, not just any or to be more precise an accountant that has properties and do rentals themselves, so will they are invested in finding out what needs doing to keep most of their wealth and not put too much on the tax man's table by simply just being ignorant on tax updates and major changes happening now, not later...It is a major change which can bankrupt one if not handled fast as pretty much half of my rental revenue is swallowed up by interest only mortgages... as I am sure this applies to most people renting properties presently. Iain Wallis book is a must read... it kicked me into the reality and action now period...!

What was one of the most memorable moments of Essential Tips to Avoid Property Taxes?

Several....Letting relief of £40,000 if you have lived at the property. And double at £80000 for civil partners or married couples if the property is bought in joint names...Making use of the EIS scheme to defer CGT and reinvest...

Have you listened to any of James Young’s other performances? How does this one compare?

No, not yet...

Was there a moment in the book that particularly moved you?

Yes that tax Avoidance is perfectly legal....like avoiding suppliers higher bills to find alternatives legal ways to not pay more than you must especially if you already have high costs due to older period property portfolios that have better capital growth, but higher maintenance & running costs... be totally ok paying tax not just towards bankruptcy on the new tax laws not being able to take off your highest monthly cost(interest only mortgage) yet rental corporate companies or holiday lets or air Bnb lets can take it off as expenditure on going which is the correct accounting treatment as a going concern...as one is running rental properties exactly like a business does!

It totally sucks and it is ruthless if honest, for us providing homes for people at low cost as they can't afford to buy or rent higher priced flats etc... and not enough housing despite government schemes, shared ownership not working so well, as the new checks makes it harder to get them... so not sure why the chancellors things we add no added value to the property market or we are scum... it is so prejudice, bloody rude and unfair! Or perhaps it seems the government want to be the new largest landlord with it's many several schemes which seems to favour the "super developers" now buying up smaller business rental business property portfolios directly because of the new tax rules and writing letters to that effect presently to acquire more, this is so unfair on so many levels especially after Brexit promises too help small businesses my ass!

So not sure what the chancellor is talking about in relation to releasing properties for residential household as it does not apply nor correlate at all, plus I or most smaller property developers/rental businesses mostly buy properties that need major works ( unlike residential buyers) to then turn it into reasonable priced rentals better than my competitors as I buy low, flipping is now pretty much out of the question because of the new tax rules, unless reinvested asap Again there is no real need for that as there are still not enough properties or lower rental properties for the majority that cannot simply afford flats etc... especially in London where I run my rental properties as a business with another individual to assist(my one man agent when needed or over loaded).

Any additional comments?

Brilliant and nicely written... thank you Iain.

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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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Great listen, the guy knows his stuff

Excellent audio book that really helped pass time driving. Also learning all about useful tax tips in a clear and concise manner along the way.
Iain's humour regularly comes into play making the recently introduced tax changes more bearable...

Barry M.

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