How to legally minimize your tax bill     We all hate paying tax – but we have to.  This section deals with the key figures when calculating your tax and how to legally minimise your tax bill.  First, let’s identify the types of tax you will be subject to if you invest in property.   TYPES OF TAX     There are two types of tax that property is subject to:   Income Tax – this tax is applied to the profit generated from the renting out of the property.  It has to be paid every year in half-yearly instalments on 31st January and 31st July.  Taxable profit is deemed to be: Taxable Rental Income – Allowable Expenditure = Taxable Profit. Taxable rental income and more importantly,  allowable expenditure will be defined in detail so you can easily calculate and reduce your taxable profit by claiming all allowable expenditure. Capital Gains Tax – this tax is only applied once the property has been sold.  It is essentially the tax applied to the profit you have made from selling the property.  Within the member’s area are certain reliefs that you can claim to minimise your capital gains tax bill to zero! You’ll find out as a member: All the fully tax deductible expenses and how to apply them All the partly tax deductable expenses and how to legally maximize their apportionment Explain capital allowances and how to apply them Show you how to calculate your capital gain if you desire to sell How to claim relief for the capital gain and in some circumstances reduce the gain to zero SUBSCRIBE NOW as it could cost you your wealth!

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