Investment property
The Cartwright Hands team is ideally placed to use their wealth of experience to advise anyone active or interested in the residential investment sector.
In the current economic climate advice you can trust is more essential than ever. Our expertise and knowledge means we have been very active in this sector acting on behalf of many buy to let investors, property companies, high net worth individuals, Receivers and Administrators.
We have close connections to major landlords, banks, funds and investors which ensures we have a constant supply of both properties and purchasers. Our ‘One Stop Shop’ means we are able to transact both income producing and non income producing residential properties in a manner structured to our clients individual requirements in order to optimise our clients capital returns whilst efficiently managing their tax liability.
We can give advice in the following sectors:
- Residential assured shorthold tenancy (AST) portfolios
- Residential ground rent portfolios
- Residential assured & regulated tenancies
- Residential income producing investments
- Houses in multiple occupation (HMO) and Hostels
- Loan security valuations of investment portfolios
- Portfolio Asset-Management (management, lettings, planning permission and lease enfranchisement)
Our Taxation services include:
- Advising on ownership: depending on your long-term objectives, we work with you to determine the best vehicle through which to own your property, be it a trust, a company or personal ownership.
- Tax: our tax expert director Tim Summerfield and his team can advise clients on the many tax related considerations which apply to residential investments. The team will take into account ownership, residence and domicile matters to help you determine your liability then, structure your affairs to minimise Inheritance Tax whilst taking advantage of any relevant capital allowances.
- Inheritance Tax on property investments (IHT): the estate of anyone purchasing property in the UK is liable to IHT upon death. UK IHT is applicable regardless of the domicile or residence of the person owning the property in the UK. IHT is levied after an exempt threshold and reviewed annually in the Chancellor’s Budget.
- Stamp Duty Land Tax (SDLT): payable on most residential land transactions. The onus for assessment falls on the purchaser. The rules for leases are complex and purchasers or tenants should obtain advice at the earliest stage possible to ensure the effects of this tax can be managed.
- Capital Gains Tax: if a profit is made on the resale of a property that is not a principal private residence, CGT applies on the gain in value. There are significant differences in the tax effects of ownership by individuals or a company and the best medium will depend on a number of factors.
For commercial investment enquires please visit our commercial website.
