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We provide expert advice on property tax issues for developers, investors, non-domiciled individuals and companies wishing to purchase property in the UK. Purchasing property in the UK raises important tax issues. In addition to VAT and Capital Gains Tax, Stamp Duty is now a significant issue in itself, requiring careful planning and guidance on how best to structure and document transactions. There is also the issue of anti-avoidance tax rules. These can apply to individuals, trustees and companies seeking to treat property-related profits as capital rather than income in order to pay less tax on disposal. We offer wide-ranging co-ordinated property tax advice and services for all property investors and developers: | Mitigating the Stamp Duty exposure on the acquisition of commercial property. | | Determining the right structure to ease future disposal of the property. | | Splitting companies with both trading and property investment activities. | | Reducing the exposure to VAT as a direct cost and as a compliance burden. | | Ensuring that full advantage is taken of available VAT reliefs. | | Extracting property from a trading company prior to sale of the company. | | Ensuring that capital allowances are maximised and used effectively to minimise tax liabilities. | | Tax planning for companies and groups undertaking property acquisitions. | | Overseas acquisitions of property by UK resident individuals. | | Cross-border property transactions by corporates |
Special services for non UK domiciliaries | Reducing the Capital Gains and Inheritance Tax consequences of acquiring UK property. | | Minimising UK taxes for non-resident, non-domiciliaries undertaking property development activities in the UK. | | Structuring holdings of assets to mitigate UK Inheritance Tax, for example via offshore trust structures. | | Minimising liability to UK income tax on any rental income. |
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