Property market in the UK has always been a popular activity for both individuals and entrepreneurs; both within and outside the UK. However, along with the lucrative income stream, the UK government Property tax provides a substantial income stream for the UK government as well. This increased focus on the property sector, the tax rules keep shifting as the market keeps developing at a rapid pace. Property tax has become a hugely complex area, with numerous factors determining your tax position ranging from the type of property, the structure used to hold and enter into property transactions.
It is of utmost importance for individuals and businesses to review their strategies to navigate unfavorable property taxes and maximise any opportunities where possible. Whatever your scenario, there are a range of taxation issues which will need to be addressed, as well as a number of specific tax planning aspects and opportunities to be considered. At 3ES, we provide a one stop solution for all your property related needs.