Private Client Tax
Corporate & Business Tax
VAT Advice
Tax Investigations
Property Tax
Services for professional advisers
Knowledge Centre
News & Events
Careers and Opportunities
About ETC Tax
Contact Us
Full contact details available here.
Property has become a hugely complex area of tax with factors such as the nature of the property, the property activities, the structure used to hold the property and the owner’s tax residency status all having an impact on the overall tax position.
Property Investors
Property investors buy property with the intention of making a long-term return. Property investment does not carry the same favourable tax reliefs as property development, but there are still important tax considerations, most noticeably capital gains tax, income tax and inheritance tax with the latter becoming increasingly problematic as property prices continue to increase
Property Developers
Property developers acquire properties with the purpose of making a short-term profit and most property development activities will constitute trading. Provided certain conditions are met, a property developer may be afforded a number of generous tax reliefs, although developers may also be subject to higher rates of tax on profits if the activities are not structured properly.
SDLT
Stamp Duty Land Tax (SDLT) (and its Welsh and Scottish equivalents) is often one of the most challenging taxes to navigate. With multiple categories and rates and what can seem like constantly changing guidance, it can be difficult to get your SDLT liability right if your purchase is a little out of the ordinary. Many solicitors will suggest that specialist tax help is sought if there is anything unusual about your transaction.
Non-Resident Landlords
The purchase, ownership and sale of UK residential property by non-UK residents can result in complex UK tax considerations.
Things to consider include the amount of SDLT paid on purchase, ATED, the Non-Resident Landlords Scheme (NRLS), the capital gains tax payable on disposal of UK property and the IHT position on death.
Things to consider include the amount of SDLT paid on purchase, ATED, the Non-Resident Landlords Scheme (NRLS), the capital gains tax payable on disposal of UK property and the IHT position on death.
Capital Allowances
Capital allowances are a form of tax relief against capital expenditure (including some of the costs of acquisition of commercial property). If you operate your business as a sole trader, partnership or company, are a commercial property investor, or are an overseas investor affected by the non-resident landlord scheme you could be eligible to claim capital allowances. Owners of holiday properties that qualify under the special tax rules for furnished holiday lettings can also claim.
VAT on property
If the VAT consequences of property transactions aren’t carefully considered, significant tax liabilities can (and often do) arise. Whether you are a developer, contractor, investor, or just have a property in your business it is important that you understand the VAT consequences of your property activities.
Testimonials
