An Alnwick author with three decades of experience in taxation issues had published a book that offers tips on how to avoid property taxes legally.
In his latest book, Legally Avoid Property Taxes, Iain Wallis sets out 51 top tops to enable owners to keep more of the income from their property.
It is written in user-friendly, jargon-free language by a man with more than 30 years’ tax experience, who is a full-time property investor, but also brings fun to tax.
The book is packed with practical and real-life examples of where you could end up paying too much tax and what you can do to legally avoid it.
It will also enable property owners, with the correct planning, to preserve the capital wealth that has either been created or arisen through price inflation.
In the world of property taxation, the big five are income tax, capital gains tax, inheritance tax, corporation tax and stamp duty land tax. Mr Wallis helps readers to avoid all of these.
“Tax can be exceedingly painful and take significant amounts of your income and wealth,” he said.
“I want to help those starting out in the property journey to get the structures right to legally pay the least amount of tax possible.
“I want to assist those who own a property business to retain as much profit as possible.
“I want to ensure that anyone investing in property has the perfect exit strategy.
“I want to help people to avoid stumbling across tax bills that make life very unpleasant.
“Armed with the correct knowledge, they can be avoided.”
Signed copies of Legally Avoid Property Taxes (ISBN 9781783062911) are available now from the author’s website – www.iainwallis.com – for £24.99 with free postage and packing. £3 from each book sold will be donated to Cancer Research. An ebook version is also available (ISBN 9781783012367 – £9.99).