Expert residential property solicitors
Specialising in effective property structuring
Residential property ownership requires consideration of both lifetime and succession issues. Blake Morgan is an expert property structuring adviser, whether you are acquiring UK property for investment or development. Considering the practicalities of ownership and the tax implications, we provide advice on the appropriate structures to ensure you can make the right decision.
Our Residential Property solicitors provide tailored advice specific to your circumstances whether you are UK based or off-shore, and assist in reviewing existing structures and advising on de-enveloping if appropriate.
Main Areas Of Practice
Our Residential Property lawyers advise our clients on property structuring and ownership when acquiring property or reviewing their portfolios.
There are alternatives to owning property in your personal name, such as in a company, and there may be many reasons to do this, not always tax-led. We provide you with the options and link in directly with the advisors handling your purchase.
When acquiring property, particularly for investment, consideration may need to be given to Stamp Duty Land Tax (SDLT), the Annual Tax on Enveloped Dwellings (ATED), Capital Gains Tax (CGT), Corporation Tax, Income Tax, Inheritance Tax (IHT) and VAT. We can advise you on the impact of tax on your purchase.
Annual Tax on Enveloped Dwellings (ATED)
This now applies to properties worth over £500,000 held by a non-natural person (such as a corporate structure), resulting in an annual tax charge. Our Residential Property solicitors can assist you in reviewing the present impact of ATED if you own a property through a structure, and weigh up the alternatives. We have acted for many clients wishing to de-envelope and understand the complexities in doing so.
Inheritance tax and succession planning
With the impact of IHT on UK residential property regardless of residence or domicile status, our Residential Property solicitors provide the necessary tax and succession planning advice to understand your options and the impact on family wealth.
Our Residential Property lawyers provide trusted support and advice to UK-based and non-resident clients. We enjoy a long-standing relationship with our clients, as part of Blake Morgan’s full-service offering.
Advising a client regarding gifting to his children of a property and payment of rent to avoid gifts with reservation of benefit rules.
Providing advice to a client to part gift and part sale a property. De-enveloping a property portfolio to avoid the ATED, and advising on how to effectively pass this down a generation.
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