Buying a UK Property
Our private client team specialise in structuring for UK property investors.
The UK’s tax regime is complex, and it is particularly important to consider the distinctions between:
- Investing in UK property, and UK property development
- Commercial and resident property
- Resident and non-resident investors
- Domiciled and non-domiciled individuals
It is crucial to take advice in order to understand the tax implications arising from a UK property investment, and to mitigate the UK tax exposure where possible. In nearly all cases, it is better to consider any planning opportunities prior to acquiring UK property.
We can assist individual with a range of associated UK tax issues including:
- Buying and owning a home in the UK
- Structuring for UK property businesses
- Offshore company and trust planning
- “Enveloping” of UK properties
- Advice on the Annual Tax on Enveloped Dwellings (“ATED”) and related Capital Gains Tax ("CGT") applies in certain cases when an asset is sold for more than it was originally purchased. The taxable gain (profit) may be triggered following the transfer of an asset, although commonly this would follow a sale. A number of tax reliefs are available to exempt or reduce the tax that may apply. Basic tax planning may...
- Assessing an individual’s residence and domicile position
- Stamp Duty Land Tax
- Tax reporting for non-UK resident landlords
- The forthcoming capital gains tax for non-residents
- Planning for tax-efficient remittance of funds to the UK
- Business Investment Relief for non-domiciled taxpayers
- Completion of tax returns with associated disclosures etc.
We work on a fixed fee basis and will always agree fees in advance once the scope of the advice and/or compliance requirements has been agreed with a client.
Our private client teams are led by Julian Brooks and Jamie Favell, both of whom have a wealth of experience in UK property matters.
We would be pleased to arrange an initial free introductory telephone call with a view to assessing your tax position and agreeing the next steps with regards providing formal detailed advice and/or assistance with your tax return preparation.
Please email Julian and Jamie at email@example.com or call them on +44 (0) 20 8037 1100.