Publisher's Synopsis
This is not a traditional tax book. Part 1 contains seven case studies in the form of adviser/client consultations, linked by a narrative element. These cover the major principles behind direct and indirect taxation of real estate transactions and show how the structure of each deal will depend upon the tax effect of different countries' legislation. Diagrams, feasibility studies and tax schedules are used to illustrate the advice and reflect on tax savings.;Part 2 is divided into five reference sections: rental income; deductibility of interest; capital gains; inheritance tax, gift tax and wealth tax; and miscellaneous taxes. Each of these sections is analyzed by reference to the laws in the Netherlands, Belgium, France, West Germany, Italy, Spain and the UK. Finally, an appendix for each section sets out a checklist of questions to be asked before proceeding with any real estate transaction.
