You could make substantial tax savings with a review of your capital allowances claims. If you are an owner of commercial property and subject to UK tax, you are entitled to claim capital allowances on qualifying fixtures in your properties.
Capital gains tax can apply on the disposal of assets, from a single item to a multi-million pound business. There are numerous relief opportunities available to manage liabilities, thus maximising the money in your pocket.
Those buying property face many tax issues, whether it is for their main home or an investment. For example, inheritance tax and the family home is complex, as is managing capital gains on buy to let property. Our expert team can help.
Partner, Real Estate Tax
Adrian is a tax partner in the London office and has over 20 years of experience in advising on tax matters.
Changes in the UK and international tax landscape have meant that the UK is no longer seen as a clear choice to purchase real estate.
Arguably one of the most important and generous reliefs from UK capital gains tax (CGT) is the exemption available for the disposal of an individual’s home. In straight forward cases where someone owns one property which they have always lived in for the whole period of their ownership any gain arising is completely exempt from a CGT charge. However modern life is never that simple.