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There are various reliefs that can drastically reduce the amount of tax payable on residential property transactions.
If you would like to discuss whether your property transaction may benefit from a relief claim please contact us.
Where a property is transferred to a Limited Company as part of a restructure of ownership there are various tax implications to consider.
We specialise in advising on these types of transactions and in many instances are able to reduce the tax burden to nil.
Where you are purchasing land for development or an existing building to redevelop, there are instances where tax savings can be achieved.
This is a complex area and case law is constantly changing when a relief may be applicable.
A substantial proportion of residential property purchasers require advice as to whether the surcharge applies.
There are some scenarios where the 3% surcharge would normally be payable on the purchase of a new main residences, but in certain circumstances might not apply.
Inheritance Tax is a tax on the estate of someone who has died.
We can review the potential Inheritance Tax exposure on your estate and then provide tailor made solutions, which are within HMRC guidelines and tax law.
It is possible to reclaim overpaid tax on historic land or property transaction, where either a tax relief has been missed, the property has been misclassified, or the tax return has been completed incorrectly.
Please contact us to discuss whether you should have paid less tax and whether it can now be reclaimed.
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