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.
Obtaining professional property tax advice is crucial for ensuring compliance and managing tax liabilities through effective planning.
Our team of specialist property tax advisers is dedicated to providing comprehensive advice across various property tax areas.
Purchas a primary residence is often the most significant expense you'll face. Ideally, when you eventually sell the property, its value will have appreciated purchase date.
Annexes, Self-Contained Dwellings & MDR: Multiple Dwellings Relief (MDR) provides tax relief for residential property transactions involving two or more dwellings.
Defining the Boundary for Multiple Dwellings: We are receiving numerous inquiries from individuals and businesses looking to claim and recover Multiple Dwellings Relief (MDR).
What is the non-resident 2% surcharge? Starting April 2021, non-residents buying UK residential property will incur an additional 2% Stamp Duty Land Tax (SDLT) on top of the existing rates.
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