There are many heavy tomes on taxation, but this isn't one of them! This is an authoritative introduction to taxation in the property world, written specifically for surveyors, valuers, estate agents and property developres who require a basic understanding of the subject. It provides a unified and up-to-date account of the UK taxation system, so far as it affects land, buildings and legal rights in property. Coverage includes the 1989 Finance Act and 1990 budget. The reader is first introduced to the broad concepts of taxation before the structure and administration of the UK taxation system are examined. Specific taxation measures are then discussed and both income and capital taxes are considered together with an appraisal of the means by which interests in land and valued, for the purpose of determining liability and taxation. Betterment recompensement is given special attention as is revenue law and valuation methods. Their effects on the appraisal of land and buildings are assessed. Alistair MacLeary highlights specific tax measures and leading cases with particular implications for land and property throughout. *extensive use of real-life examples *aimed directly at surveyors *incorporates the 1989 Finance Act
