Property Tax Advice

UK Property Taxes

Property taxation has become an increasingly complex area, influenced by factors such as the individual’s residency, the type and nature of the property, and the structure used for holding and transacting the property.

Given this complexity, it is crucial for both individuals and businesses to regularly review their property tax strategies. Effective property tax planning can help navigate the tax regime and identify opportunities to optimize tax liabilities. Since taxes represent a significant expense in any property transaction, careful planning and review can substantially impact the financial outcomes of property-related activities. This consideration is essential for both UK residents and non-residents engaged in property transactions within the UK.

Property Investors and Property Investment Tax Advice

Property investors are those taxpayers who buy property with the intention of making a long-term return via the letting of that property. 
Unlike property development, property investment does not carry with it the same favourable tax reliefs and it could therefore be even more 
vital to review and restructure your holdings. Our property investment tax advice can help ensure that you are paying the right amount of tax.

Tax Advice for Property Developers

Property development is a venture in the nature and conduct of a trade, and provided that certain conditions are met,a property developer may be afforded a number of generous tax reliefs, but they may also be subject to higher rates of tax on profits made from the property development if the property development tax is not structured properly.Our tax advice for property developers can help you structure your tax.

UK tax for non-residents

According to UK non-resident tax rules, a person’s non-resident tax status is determined by HMRC’s statutory residence test. This test evaluates the number of days physically spent in the UK and several other factors, including the number of ‘ties’ or connections you have to the UK. However, even if you are considered non-resident under this test, you may still be subject to certain UK taxes for non-residents.

VAT on Property

If the VAT consequences of property transactions aren’t carefully considered, significant exposures can (and often do) arise. We are specialists in VAT on property, whether you are a developer, contractor, investor, or just have a property in your business.