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 Business Services, 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.

Companies

Management accounts is a service offered by all of our offices which are spread across the UK…

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FIND YOUR LOCAL OFFICE

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

Testimonials

Barbara Gatward
Barbara GatwardJohn Gatward Packaging Ltd
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"Our accounts are always dealt with in a timely manner, all submissions made efficiently, and reminders sent when action is required from us. Would not hesitate to recommend."
Sarah Fox
Sarah FoxBeckingham Place Manmagement Co
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"Since taking over BPMCO's accounts, my life is much easier. You deal with everything really quickly and nothing has been too much trouble. Sonia is great. Thank you!"
John Webb
John WebbWebb Sight Consultancy Ltd
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"Very reliable and professional, with a quick response time to emails sent to them. They give us peace of mind that our tax affairs are in order, as are Companies House returns, etc."
Michael Shephard
Michael ShephardSandrock Management Ltd
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"I have been impressed by the professionalism displayed by the team. Commitments are consistently met and I'm looking forward to a closer working relationship during the coming months."
Michelle Warner
Michelle WarnerAshdown Travel
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"SKS are great to deal with, very approachable with all levels of staff from Directors to accounts staff and are accommodating with requests."
Wendy Coad
Wendy CoadSURR7
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"Responsive and efficient with clear lines of communication. They have kept us up to date with everything they are working on for us. Everyone very helpful and knowledgeable. Genuine people."
Jason Willett
Jason WillettIsherwoods
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"Always there when we need them most."
Simon Doyle
Simon DoyleKGLighting
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"Very good service and always ready to help with new situations that occur."
Maggie Norgate
Maggie NorgateNautilus 19
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"Quick, structured efficient communication and service."
Fiona Penny
Fiona PennyFiona Penny Bespoke Home Finders
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"SKS Business Services understand me and my business and I trust their advice implicitly."
Stuart Herron
Stuart HerronHerron Consulting Ltd
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"The team are very friendly, supportive and easy to work with. Have been a long term client and have SKS have never failed to support me when I need them - thank you team."
David Ede
David EdeBlackhall RAFA Association treasurer
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"Brilliant professional service delivered by friendly helpful staff, I would and will highly recommend to friends and colleagues."
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