The 2008 edition of the best-selling TAB Guide to Property has just been published, with this latest edition reflecting the current downturn in the residential property market and the increased level of rental.

Speaking at the launch of the guide, co-author and personal finance writer Jill Kerby said, "When preparing this third edition of the TAB Guide to Property, we were acutely aware of the dramatic shift in the market since the publication of the second edition in 2007.

"From a situation where property values were rising dramatically, we have moved to one where property prices countywide are still falling, with evidence of a resulting shift from house and apartment purchase to rental.

"For that reason, this latest edition includes a new and detailed section on Landlords and Tenants and how both can optimise their position in a developing rental market."

Mr Kerby said the third edition of the TAB Guide to Property also includes the usual comprehensive details on house purchase and the tax implications of buying a house; investment properties; buying holiday homes at home and abroad; tax incentives; buying, selling and letting; the impact of divorce and separation.

The various sections are illustrated with worked examples and the third edition also provides information on interest rates and various property statistics.

"The first two editions of the TAB Guide to Property were hugely popular and were best-sellers," said Ms Kirby. "With the market on a downturn, we believe that it is even more important for anybody thinking of buying, selling or renting to have the maximum information at their fingertips."

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