Residential property tax

Anyone buying a property, regardless of whether it’s to live in or as an investment, can face many tax issues. Our expert team can help you navigate the complicated world of residential property tax.

Whether you’ve already purchased a property or are considering investing in one, getting early advice will ensure you’re owning and managing it tax-efficiently.

For example, purchasing a property in your own name might not always be the best option. You may have to pay tax, which could be avoided by using another structure for asset ownership.

We’ll help you evaluate your position and understand other tax considerations, such as corporate tax if you buy your property through a company.

If you’re selling a property, various factors will determine if you have to pay capital gains tax. These include how it was bought, how long you’ve owned it and whether you’ve lived there.

In recent years, there have been some changes to the way property is taxed in the UK, making it complex and full of pitfalls. Make sure you think about any new investments carefully and get experts to review any existing structures to make sure they’re right for you as a property owner.

If you’re considering buying a property overseas, there are lots of issues to consider. You’ll need tax advice from a UK adviser and from one in the same country as your property. We’ll use our united global network, which spans more than 120 countries, to support you wherever you are.

How we can help

Our tax team will tailor our services to meet your needs. We’ll make sure you’re not paying excessive tax on your home and that any rental properties are making a tax-efficient return for you. We’ll help you make the most of income tax relief and deductions for all allowable expenses, such as management fees. We can also advise on:

• the stamp duty land tax position;
• the non-resident landlord scheme;
• VAT consequences; and
• capital gains tax payable on sale.

For investors, we’ll help you structure your properties’ tax efficiently, manage debt finance and help you make acquisitions and disposals without an excessive tax bill. We’ll also advise you on whether it would be better to hold your property in a trust or personal investment company.

If you’re interested in managing your property more tax-efficiently, contact us to find out more about how we can help.