Property Tax

The way property is taxed in the UK differs depending on whether the property is private or commercial.

Privately held property is usually subject to Stamp Duty Land Tax at the point of purchase, and Capital Gains Tax consideration at the point of sale. If part of your home is used for business purposes, you may become liable for Business Rates.

Commercial property is also usually affected by Stamp Duty Land Tax at the point of purchase and Capital Gains Tax on any sale, but also subject to Business Rates while the property is owned. VAT regulations should also be a consideration, as you can decide to opt out of the available VAT Exemption.

In this section we’ll look at the most common areas that are applicable to our clients. If you have questions to which you cannot find an appropriate answer, please get in touch. As a small team, we’re limited in terms of the content we can realistically include and maintain here, but are both able and happy to help with less common circumstances too!