Lord Clyde famously said, in the case of Ayrshire Pullman Motor Services v IRC [(1929) 14 TC 754]:
“No man in this country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his stores. The Inland Revenue is not slow and quite rightly, to take every advantage which is open to it under the taxing statutes for the purpose of depleting the taxpayer’s pocket. And the taxpayer is, in like manner, entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Revenue.”
There is nothing illegal in avoiding tax and this book sets out 51 Top Tips to enable you to keep more of your income from property – be that income tax, corporation tax, capital gains tax or inheritance tax. It will also enable you, with the correct planning, to preserve the capital wealth that has either been created or arisen through price inflation.
Whether you are taking the first steps on your property journey, whether you are a seasoned campaigner or whether you want to preserve the family wealth, this book is packed with tax tips and useful examples which will enable you to legally pay less tax, keep more of your property income – and increase your wealth.
Building on his experience of over 30 year as a Chartered Accountant, and with all his property investing knowledge, Iain Wallis has created a niche accountancy and tax practice that deals solely with high net worth individuals delivering sound tax advice and legal tax strategies that avoid – and thus save – thousands, and in some cases, hundreds of thousands of pounds in tax. Iain is a powerful and entertaining keynote speaker. He uses practical, day-to-day examples to explain away the complexities of taxation – and, in particular, property taxation. He prides himself on his down-to-earth manner and the ability to make saving tax fun.
Iain was a keynote speaker at the largest property event in the property calendar, The Property Super Conference 2013 at Wembley, London, where he shared the stage with some of the best-known property experts in the UK, as well as high profile speakers such as Karren Brady and Frank Bruno. Iain’s presentation, “Legally Keep More of Your Property Income”, was a sell-out – it must be the first time Wembley has rocked to tax!
“No man in this country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his stores. The Inland Revenue is not slow and quite rightly, to take every advantage which is open to it under the taxing statutes for the purpose of depleting the taxpayer’s pocket. And the taxpayer is, in like manner, entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Revenue.”
There is nothing illegal in avoiding tax and this book sets out 51 Top Tips to enable you to keep more of your income from property – be that income tax, corporation tax, capital gains tax or inheritance tax. It will also enable you, with the correct planning, to preserve the capital wealth that has either been created or arisen through price inflation.
Whether you are taking the first steps on your property journey, whether you are a seasoned campaigner or whether you want to preserve the family wealth, this book is packed with tax tips and useful examples which will enable you to legally pay less tax, keep more of your property income – and increase your wealth.
About the Author
Building on his experience of over 30 year as a Chartered Accountant, and with all his property investing knowledge, Iain Wallis has created a niche accountancy and tax practice that deals solely with high net worth individuals delivering sound tax advice and legal tax strategies that avoid – and thus save – thousands, and in some cases, hundreds of thousands of pounds in tax. Iain is a powerful and entertaining keynote speaker. He uses practical, day-to-day examples to explain away the complexities of taxation – and, in particular, property taxation. He prides himself on his down-to-earth manner and the ability to make saving tax fun.
Iain was a keynote speaker at the largest property event in the property calendar, The Property Super Conference 2013 at Wembley, London, where he shared the stage with some of the best-known property experts in the UK, as well as high profile speakers such as Karren Brady and Frank Bruno. Iain’s presentation, “Legally Keep More of Your Property Income”, was a sell-out – it must be the first time Wembley has rocked to tax!
