Description
In this episode, we cover the tax implications and practical considerations involved when purchasing large properties and landed estates.
Leonora and Mike are joined by Elizabeth Hartless, a fellow partner at Saffery.
As well as outlining top tax tips with respect to property renovations, other key areas discussed include:
Funding and structuring,Stamp Duty Land Tax (SDLT),VAT considerations,The impact on your inheritance tax (IHT) position,Employment taxes if taking on any employees, and Non-disclosure agreements.This episode equips you with the insights needed to make informed decisions about your property/estate purchase.
Please note: this was recorded prior to the Spring Budget on 06 March 2024. The team briefly touch on Multiple Dwellings Relief (MDR), however, the Chancellor announced that this will be abolished on 1 June 2024. Please bear this in mind when listening to the episode.
Additionally, we discuss SDLT (which is applicable in England and Northern Ireland), however for those in Scotland or Wales separate devolved equivalents are applicable and would need to be considered.
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