If it feels like you have more taxes to deal with than you have tenants, or more compliance than you have contractors, we can help. There is no question that property taxes are complicated, or that they change regularly.
Your property business deserves expert advice
Real Estate has become a bit of a political football, which makes it even more important that property businesses understand the impact of taxation and how it changes over time.
You might pay tax when you buy, develop, hold, rent or sell property, depending on the circumstances. There are taxes based on sales, profit, expenditure and asset value. These taxes all have different rules, require different filings to remain compliant, and have different tax rates. The choice of business structure complicates matters even further.
Tax should never drive a business decision, but for property businesses it is a vital consideration. The plans you have for your property business, whether you are an investor or a developer, dealing in residential or commercial property, will all influence the choice of structure. Tax will be one of the biggest costs so always get good advice at the outset.
Property businesses operate as sole traders, joint ventures, companies, limited liability partnerships (LLPs), limited partnerships (LPs), unit trusts and REITs. They may be formed in the UK or other jurisdictions overseas. We have extensive experience of all these structures and can advise on the tax and commercial benefits of each, depending on your circumstances. We support property businesses of all sizes from individuals with a single asset, to multi-billion-pound investment funds.
The taxes we help our property clients with include:
- Corporation tax, income tax and capital gains tax, as applicable, including the consideration of claims which can reduce taxable business profits such as capital allowances, land remediation relief and loss surrenders.
- Value added tax (VAT), including the option to tax properties, ‘transfers of going concerns’, partial exemption and capital good scheme calculations.
- Stamp duty land tax (SDLT), which is payable by the purchaser of residential and commercial properties
- Construction Industry Scheme (CIS), under which income tax may need to be deducted at source before payments are made to sub-contractors working on a development
- Annual tax on enveloped dwellings (ATED), a charge applied to certain residential properties when they are owned by, for example, a company
Our experienced team handles the compliance with all of these taxes for numerous clients. The service can range from a quick review of returns prepared by the client in-house to a fully outsourced tax compliance service.
Why work with us?
All Lewis Golden clients benefit from our exceptional standard of client care, our depth of experience, and our distinctive approach.
Person to person meeting
We’ll get to know you and your business with an in-depth initial consultation.
We understand your goals
Our team is dedicated to helping you realise your ambitions, and ready to support you at every stage.
We create a plan
We’ll create a structured plan to reach your goals, continuously reviewing your performance and progress towards them.
“We have decades of experience advising our Real Estate clients, and understand their unique requirements.”
Partner at Lewis Golden
Precision with personality
Let us take your worries away
Our people are what really make us stand out. The Lewis Golden team is made up of brilliant individuals with a wealth of experience and a sharp focus on the work they do.