PROPERTY TAX LAW STRATEGIC PLANNING

Do you and your accountant understand how much extra tax you will be paying next year and how much the changes will rise every year until 2023? Do you know the impact of losing the 10% wear and tear allowances? Don’t worry, we’re here to help.

EFFICIENT PLANNING TO SAVE YOU MONEY

Has it been suggested to you that you should put your assets into a Limited Company, to help you avoid paying the increased taxes? It really doesn’t work!

We’ve recently helped a client who has a portfolio of 10 properties and a value of over £3 million understand that putting his assets into a Limited Company could cost him £140,000 in SDT, plus other costs of up to £15,000.

Here at SKS Bailey Group, we are Chartered Accountants who help Landlords and Commercial Property owners achieve the most efficient tax structure possible by skilful use of our Property Tax Strategic Planning. We will help you reduce your tax bill to pay for this investment many times over.

Property Tax Planning

Advice on property holdings & transactions depends on whether you are an investor, trader or developer, and whether your property is commercial or residential, in the UK or overseas. We’re able to help you with the following: 

  • Advice on tax efficient property holding vehicles.
  • Tax efficient financing.
  • Advice on tax deductible costs and expenses.
  • Property Capital Allowances planning, including advice as to whether expenditure constitutes repair or capital improvement expenditure and advice on the tax implications of each.
  • Stamp Duty Land Tax planning.
  • Main residence tax planning.
  • Tax advice on the favourable income and capital taxes reliefs available for furnished holiday letting accommodation, and advice on structuring to achieve those reliefs.
  • Advice on tax efficient investment in overseas property.

Knowledge & Experience

Property Capital Allowances should not be considered in isolation and a little knowledge can be a dangerous thing. Your professional Capital Allowance advisor needs to have a detailed understanding of taxes (VAT, stamp duty, income tax, corporation tax, capital gains tax & Inheritance tax) coupled with an in-depth understanding of the statutory requirements, the ability to conduct detailed property surveys, and the experience to be able to present logical, sustainable and evidenced reports to HMRC.

We are a nationwide group of Chartered Accountants with 16 Years’ experience in submitting Capital Allowance claims with a 100% success record.

FIND YOUR LOCAL OFFICE

We have offices all over the UK. Click below to find yours.

Testimonials

“Very well organised and knowledgeable regarding our property letting business. I have already recommended friends to SKS Bailey and will continue to do so because in this business one size hat doesn’t fit all and a bespoke model can be adopted when consulted. Excellent.”
Mark Alldersea
Mark AllderseaHousing Freedom/ Alldersea Building Contracts
“The service provided by the SKS Bailey Group I have always found to be professional, efficient and friendly. They respond to my questions very promptly and thoroughly, and often go above and beyond in the level of service they provide to their clients.”
Carl Forman
Carl FormanFor-Ward Planning Consultancy Limited
“SKS Bailey Group provide wide ranging knowledge and expertise on all matters concerning tax, property and succession planning. I would highly recommend their service.”
Claire Payne
Claire PayneMaximum Property LLP
“Brilliant professional service delivered by friendly helpful staff, I would and will highly recommend to friends and colleagues.”
David Ede
David EdeBlackhall RAFA Association treasurer
“I have used SKS Bailey for many years now for my business accounts, payroll, and personal taxation. I have always been satisfied with their service and wouldn't hesitate to recommend them.”
Christopher Watson
Christopher WatsonExecutive Mortgage Solutions
“SKS Bailey Group have always provided a very good and efficient service for our business always there when we need them and we are very Happy working with them.”
Philip Walsh
Philip WalshPhilip & Martin Walsh
“SKS Bailey Group provide a very professional service very efficiently and the staff are very pleasant to deal with.”
Stephen Barley
Stephen BarleyMechelec Associates
“We have worked with the Bailey Group for a number of years with our group of companies. They really understand our tax planning needs, true property experts and very much helped with our relocation to Monaco. Highly recommended.”
Paul Smith
Paul SmithTouchstone Education
“Stapleton consultants , have pleasure in giving testament to SKS Bailey Group in providing services that are essential to allow the business to run smoothly, knowing the financial accounts are in safe hands.”
John Palmer
John PalmerStapleton Consultants Ltd
“High quality, long lasting service, always very pleased. Above and beyond what is required.”
Stephen Grigg
Stephen GriggScunthorpe
“They provide excellent service, are friendly very professional and make me as a customer feel valued.”
Margaret Eadsforth
Margaret EadsforthPrivate Client
“SKS Bailey have a strong insight into property tax matters and capital allowances. They are very knowledgable.”
Paul Smith
Paul SmithBurnden Park Ltd/LLP
“My wife and I have been using the services of SKS Bailey Group and its previous company for 5 years. We have been delighted with their service and reliability, particularly their accountancy department and associated services.”
Richard Blass
Richard BlassBlass Family Partnership LLP
"All the staff i've dealt with have exceeded expectation. Always dealt with enquiries etc on the day and never had any problems contacting the person i've needed to speak to. Great service!"
Neil Mackechnie
Neil MackechnieWingate Farm Services Limited
"As a total novice to self employment Bailey Group provided the support and confidence essential to making the right decisions and financial judgements."
Brian Chape
Brian ChapeChape Support Services
Previous
Next

Latest News & Insights