The structuring of property transactions is one of the most difficult areas of UK tax planning. This leading title, written by a well-known practitioner with over 30 years of experience in the field, explains the UK law clearly with an emphasis on practical application. Key issues such as the distinction between dealing transactions and investment transactions are covered, as are all relevant taxes, including council tax and landfill tax. This latest edition covers developments in UK legislation, case law, and practice, up to Finance Act 2007.