Tax Planning
Property ownership and development
We have seen many clients who now have extensive property portfolios, having started with one and then added more over time. When we are brought in, ownership of the portfolio can be split between many family members with several mortgage lenders. Where the portfolio is now significant, the clients are mainly concerned with Income Tax rates on rents and with Capital Gains Tax on sales. This is now exacerbated by the new restrictions on mortgage interest relief and wear and tear allowances for individual and partnership owners.
Please have a look at an article we have written recently about the pros and cons of restructuring property portfolios held in personal names.
We can assist with:
- Restructuring portfolios to tidy them up and to reduce rates of tax on rents.
- Planning to minimise Capital Gains Tax on sales of properties
- Optimising tax where gains are to be made as a result of planning permission being granted.
- Optimising tax where property is to be refurbished or developed.
- Ownership of UK property by non-residents and non-domiciles.
- Advice on Stamp Duty Land Tax where property ownership is restructured.
Tax Planning
How can we help
We are problem solvers. If you tell us about a current situation and what are the aims for the future, we should be able to give you our recommendations. They will be bespoke solutions and not pre-prepared tax avoidance schemes. The solutions will be based on or experience which includes remembering what tax advice was all about before schemes became prevalent.
We operate nationally, or internationally, and are not tied to our desks. We believe in giving a no nonsense level of support with affordable fees and costs. Our pricing structure is affordable, and we will fix fees for our engagements avoiding the traditional open-ended, “on the clock” approach of larger firms and our competitors.
To discuss this with us on a non-judgemental, discrete and no-cost basis call our helpline 0800 001 6686 or contact us today.
