Download our informative and illustrated case studies and info graphics that aim to outline key planning ideas  and estate planning solutions with real life examples and client scenarios.

Over the last 8 years, there have been various tax changes which have significantly impacted property owners.

Our info-graphic on these most recent UK property tax changes summarises the key changes you should be made aware of, some of which you may not have heard of. These include;

1. First Time Buyers Stamp Duty Land Tax
2. Residential Stamp Duty Land Tax
3. Non UK Resident Capital Gains Tax
4. Commercial Stamp Duty Land Tax
5. 3% supplement – Stamp Duty Land Tax
6. Residential Capital Gains Tax
7. Loan interest deductions
8. Freezing of the Inheritance Tax Nil Rate Band
9. ATED – Annual Tax on Enveloped Dwellings
10. 60 days to pay Capital Gains Tax

Please get in touch with us today if you would like more information on how these property taxes affect you or your clients.

When looking at your estate planning, it may be worth considering some aspect of trust planning.

Some clients are looking at ways to pass the assets down to their children and grandchildren that may be pregnant with Capital Gains. If they were to directly gift these properties to the children from their estate, it will be a disposal of assets at full market value for capital gains tax (CGT) purposes.

Some clients could consider transferring some of their assets out of their estate using a UK Trust and utilising something called Holdover Relief.

Section 260 TCGA 1992 provides that capital gains tax need not be paid on non-business assets transferred into a UK resident trust as long as certain conditions are met.

If you would like more information, please Andy or Michelle today.