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Property Tax

Property is a tricky game; if you’re not careful, you could spend way more than you expected on things like stamp duty land tax, the ATED and VAT. A solid holding structure and an expert eye on the portfolio can help to mitigate some of those headaches. 

Tax planning

Whether your properties are commercial or residential, or for trading or investment purposes, we will look at your individual circumstances and create a scenario that considers the most appropriate holding structure for the property. We’ll also look at how to minimise capital taxes through applying reliefs such as principal private residence relief, entrepreneurs’ relief, incorporation relief, and business property relief. We’ll monitor the impact on the residential property market as new changes take effect and develop tax planning strategies for you that may help to mitigate the tax burden.

Capital allowances

Capital allowances aren’t as cut-and-dried as you may think. For example, if you have purchased a second-hand commercial property, you may be able to claim capital allowances on existing fixtures within the property. Commercial property owners must be proactive in their capital allowance affairs; our experts can work with you to get the best deal.

Stamp Duty Land Tax (SDLT)

SDLT is due on the purchase of property. Different rates apply depending on whether:

  • The property is commercial or residential
  • It is your first or subsequent residential property investment
  • The property is held either directly or indirectly through a company (see ATED).

There is often little that can be done to minimise SDLT on transfer of property, however there is a lot that needs to be considered to ensure the correct amount has been paid. 

Annual Tax on Enveloped Dwellings (ATED)

If you hold a property through a company, collective investment scheme or partnership with corporate partners, and it is valued more than the ATED threshold, you may need to pay. We can advise on investing in or disposing of residential property, or assist with filing your ATED return.

VAT

The VAT risks associated with property transactions are high. We have a specialist team that can ensure:

  • Any VAT consequences within the structure are minimised, considering the type of property, renovation plans and the option to tax.
  • You obtain zero and reduced rates of VAT where applicable.
  • That stamp duty implications for future disposal are considered within the scope of all decisions made relating to the property.

Fee protection insurance

Should your tax affairs come under HMRC scrutiny, and you have purchased our special tax investigation fee protection insurance, our fees will be completely covered no matter how lengthy or complicated the investigation process. 

Get in touch for a chat about streamlining your property portfolio’s tax.

Key contact

Tax Partner
Nigel May
+44 (0)20 7429 4100
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Meet the team

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Patrick King

Tax Partner

Patrick is a Tax Partner and Chairman of MHA MacIntyre Hudson's Tax Steering Group as well as our national associations Tax Strategy Group, leading a team of specialists to ensure clients have access to the very best in compliance services and tax mitigation solutions. Patrick's own specialisms are capital tax planning for individuals, corporate restructuring, remuneration planning, profit extraction/repatriation and increasingly, international matters. He also advises clients on the tax implications of buying and selling their business. 

Patrick is a keen swimmer and occasional free diver,who still competes! He is an advocate of “anything worth doing, is worth doing well”.

Get in touch with Patrick King
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Nigel Morris

Employment Tax Director

Nigel was previously an HMRC Inspector and has worked in the Big 4 for 18 years before joining MHA MacIntyre Hudson in January 2017. His experience includes work on a range of employment tax matters for a range of major national and international businesses as well as SME and OMB businesses. This includes work primarily in the Automotive, Hospitality & Leisure, Logistics and Construction sectors.

Nigel has aided clients in managing employment tax risk and mitigating HMRC settlements, as well as spending a considerable amount of time designing, implementing and communicating arrangements to reduce employment tax cost. He has worked on a large number of car consulting projects, including the development and design of bespoke arrangements for clients, including ECOS, Salary sacrifice and Hybrid fleet arrangements. He is a member of the Association of Taxation Technicians.

Nigel spends his free time coaching junior female football, running his 3 children to after school activities. When he gets the chance, he likes to get out on his mountain bike and explore the ‘hidden’ trails in the local Wyre Forest.

Get in touch with Nigel Morris
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Michael Blackledge

Senior Tax Manager

With over 25 years working in tax practice, Mike, a Chartered Tax Adviser, has gained a wealth of experience working with individuals, owner managed businesses and corporates from different sectors. This experience allows him to offer solutions and advice in a practical, easy to understand manner ensuring clients’ needs are met whilst protecting their interests. Mike has considerable experience dealing with HMRC, from regular compliance enquiries to ones dealt with under COP9 (fraud).  Mike oversees the corporation tax team, in addition to presenting and advising clients on buy to let tax issues.

Get in touch with Michael Blackledge

Teresa Marshall

Tax Manager

Teresa joined MHA MacIntyre Hudson in 2019 following the merger of her previous firm. She is a Chartered Tax Advisor and has specialised in personal tax for over 25 years.

Teresa has considerable experience in dealing with the tax affairs of doctors, and advising on capital gains tax and inheritance tax.

Get in touch with Teresa Marshall

What they say about us

With MHA MacIntyre Hudson’s support, our business has been very successful since we started three years ago. Simon Burke - Dalbergia Group

What they say about us

The team at MHA MacIntyre Hudson have taken away the burden of the day to day bookkeeping, payroll and CIS work off me. This has enabled me to spend more time working on my business, finding new work, new ideas and ways to be more profitable. Thanks to the help I’ve received, I can see a bright future for me and my company. Luke Day - Complete Wiring Solutions