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Effective planning and an understanding of the main
rules and reliefs surrounding property tax is key to help
safeguard the value you are trying to secure or protect.
When you are buying a property, Kreston Reeves can
help advise on the Stamp Duty Land Tax (SDLT) cost
associated with the purchase including any reliefs that
might be available to minimise your liability. Looking at
the right ownership structure from the outset is also
important to ensure you minimise your tax liabilities
more generally across the lifecycle of your investment.
If you are selling a property, the tax implications may be
straightforward if it is your home. But there are special
rules around capital gains tax (CGT) when selling
investment property or a house you have not always
lived in. It is important to get advice early on as from 6
April 2020 any CGT payable on residential property
disposals needs to be paid within 30 days of completion.
And what about investment property that you are letting?
Here the rules are more complex, particularly if you plan
to undertake renovation or alterations or have debt on
the property. Kreston Reeves can help you understand
the tax, deductions and exemptions available to you.
Kreston Reeves are here to support you with all this and
so much more, whether it is personal tax planning,
inheritance tax planning, the right structure in which to
own and invest in property, they are here to help.
Kreston Reeves have a specialist property team to assist
you with your enquiries and the complexities of the
property tax rules.
As a leading accountancy and financial services firm
located across London and the South East of England,
Kreston Reeves provide a full range of accountancy,
business advisory and financial services that help UK and
international clients achieve their personal and business
goals, with peace of mind.
Services include:
•Stamp duty land tax planning
•Tax planning and compliance
•Tax planning on property vehicle structuring
•Overseas ownership of UK property
•Bookkeeping and accounts preparation
•VAT compliance and advice
•Compliance with Making Tax Digital
•Service charge accounts and audit services
•Capital allowances planning
Whether you are buying, selling or letting property, there are taxes to consider.
For more information please contact
Jennifer Williamson, Partner at Kreston Reeves
by email at
Buying, selling or letting?