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.

“SKS Bailey Group have looked after my accountancy needs for the past four years. They made big promises before I came on board and to date, they have exceeded on every one of them.

I am very happy with their service and continue to recommend them to anybody who needs tax planning advice and strategies moving forward. 

Most accountants I have worked with in the past act very cautiously and therefore not necessarily in my best interest, however Baileys have always put my needs first, impressed me with their detailed understanding of the tax code, offered effective strategies and invaluable advice with how to move forward and maximise the opportunities ahead.  However big or small your business, Baileys will help you take it to the next level.”

Gregg Kessler, Director

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