Stamp Duty
Land Tax
Stamp Duty Land Tax (SDLT) is complex self-assessment tax, currently, 1 in 4 transactions are
calculated incorrectly, we assist in reviewing both upcoming and historical property transactions
to ensure the correct SDLT consideration is applied.
Our Services
|
stamp duty land tax
What is
Stamp Duty Land Tax?
Stamp Duty Land Tax (SDLT) is the tax charged when purchasing property or land. SDLT is currently the most complicated self-assessment tax within the UK and is calculated based on the chargeable consideration for the transaction, as shown below.
SDLT Property
Incorporation
Property Incorporation is the process of transferring interest in a property from a single name
into a limited company, by assessing your property portfolio we can help to structure these correctly
which can potentially result in significant tax savings.
Our Services
|
Property Incorporation
What is an
Incorporation?
Incorporation is the process of transferring ownership of a property or portfolio of properties from a single name or joint names to a limited company.
From 6 April 2020, a buy-to-let landlord can no longer claim mortgage interest as a deductible expense when calculating their profits subject to Income Tax. As a result, for a Higher Rate and Additional Rate taxpayers that have mortgage debt, they have seen their Income Tax bills rise significantly.
This change in law does not apply to companies, which is why many buy-to-let landlords are now incorporating their property portfolios.
Research &
Development Relief
Research and Development Relief is a government scheme set up to reward businesses that invest
in innovation in the UK. We work with companies to identify R&D activity and submit successful
claims. Our vision is to be active, dynamic and fully diversified R&D tax specialists, who remain
true to their core values. Delivering simple solutions for complex situations.
Our Services
|
Research & Development
What is
Research &
Development
Relief?
Research and Development Relief (R&D) is a tax credit that was introduced by the government in 2000 to encourage scientific and technological advancement and to reward businesses that invest in innovation across the United Kingdom. Yet only 20% of eligible companies claim this relief.
HMRC’s criteria is purposefully broad. If your company is attempting to resolve scientific or technological uncertainties, then you may be carrying out qualifying R&D activity.
Capital
Allowances
Capital Allowances are a way of obtaining tax relief on some types of capital expenditure, we can
review your capital expenditure to ensure you maximised the tax reliefs available.
Our Services
|
Capital Allowances
What are
Capital Allowances?
Capital Allowances are a mechanism to reduce tax paid by businesses through the ‘depreciation’ of expenditure incurred on certain business assets, such as buying, building, refurbishing or extending property. Any commercial building (not residential, excepting communal areas) has the potential for a capital allowances claim, whether it’s freehold or leasehold and there are no time limits.
In order to benefit from capital allowances a business must have incurred capital expenditure and have a UK tax liability against which to offset the allowances. Almost all building activity can trigger an entitlement to capital allowances including acquisitions, disposals, developments, extensions, refurbishments, fit-outs and any other form of property capital expenditure.
A claim for capital allowances can be made whether the building is new and sometimes irrespective of whether allowances have been claimed by the previous owner or not.
Land Remediation
Relief
Land remediation relief is a tax relief available for a company that has undertaken works to remove or contain contamination that is present in, on, or under land and buildings, or has undertaken works to bring derelict land back into productive use.
We have expertise in analysing expenditure incurred on the remediation of acquired land and buildings, and advising on costs that are reclaimable.
Our Services
|
Land Remediation Relief
What is
Land Remediation
Relief?
Land Remediation Relief (LRR) is amongst one of the most generous tax reliefs available to investors and property developers. The relief provides a tax deduction of up to 150% of the money spent on qualifying expenditure for remediating land and buildings.
This can include land contaminated by a past industrial activity or by some naturally occurring contaminants. LRR is also available costs for bringing land, that has been derelict since at least 1 April 1998, back into productive use.
Enquire Today!
We’re well positioned to help with any of your tax enquiries, call or email the team to find out more.
Call Us 0121 309 0222