JS. Tax Advisory
Property Tax
One of the most targeted areas in recent years, if you buy, sell, or let out a property you will need to consider tax. Planning to reduce property taxes is not straightforward, however, we have a team of specialists in this area and are here to help.
Why JS?
JS.Tax Advisory has a deep specialism in all tax matters related to property, both commercial and residential. Our specialisms include:
Structuring of Property Assets
Getting this right is key to ensuring both income and capital yield are maximised.
It may be that you own a rental portfolio personally and suffer high income tax rates on the profits and therefore want to consider moving to a corporate structure. Or you could be planning to build a portfolio and want to understand if personal ownership is the most tax-efficient option.
Whether you already have a portfolio or are looking to accumulate one, JS.Tax Advisory can help you devise the most tax-efficient structure and assist with implementing this.
Acquiring Property
Stamp Duty Land Tax applies to the acquisition of property in the UK. We can advise on the extent of this charge, as well as consider options to mitigate the exposure. As an example, if more than one dwelling is acquired at the same time or as part of a series of transactions, Multiple Dwelling Relief may be available to reduce the overall Stamp Duty Land Tax charges. This can even apply when buying a house with an annex.
Disposing of Property
Often tax charges arise on the disposal of property, whether that be a disposal for the full value or a gift of a property asset.
The JS.Tax Advisory team will review the position in advance of disposal to maximise available reliefs and consider options to remove tax charges arising on gifts.
Case Studies
Property Business Demerger
For many years one of our clients operated a family property investment business, made up of a number of valuable commercial properties.
Living Abroad
One of our UK-based client companies has three individual shareholders.
One of the shareholders decided to move to France permanently, with his family.
Tax Relief on Commercial Properties
We were approached by a client who wanted to lease a number of commercial properties in Liverpool. The properties had previously been retail outlets in the City but had been vacant for some time and had fallen into disrepair. The clients’ aim was to renovate the properties and turn them into offices to use in their business.