Property ownership in the United Kingdom comes with certain tax obligations that property owners must understand and manage effectively. UK property tax encompasses various taxes, including Stamp Duty Land Tax (SDLT), Capital Gains Tax (CGT), and the Annual Tax on Enveloped Dwellings (ATED). Having a clear understanding of these taxes is crucial for property owners to comply with their obligations and optimise their tax positions.
Navigating UK property tax can be complex, and the rules and regulations may change over time. Property owners are advised to seek professional advice from qualified accountants or tax specialists who can provide tailored guidance, ensure compliance, and help optimise tax positions. At Avant & Co, we can assist with tax planning, structuring property ownership, and ensuring that all relevant tax obligations are met.