Tax & Property: Overview

Selecting the right properties is the foundation of successful property investment, but if you choose the wrong tax strategy, you could find that much of the profit will be wasted in paying unnecessary tax. Property advice should go hand in hand with tax advice.

It is essential to seek tax advice before buying property. One of the key decisions is likely to be how the property should be held, which will depend crucially on such issues as why you are buying it, your immediate and long term plans, how it fits in with your other property and business activities, and when and how you aim to dispose of it.

Corporation tax, income tax and tax on the capital gain should figure large in the planning, but such issues as VAT and stamp duty land tax have become very important as well in recent years.