Qualified Property Accountants and Property Tax Advisers

Property Accountants and Property Tax Advisers

If you have a portfolio of properties and want to save taxes, Super Financial Limited will help you to manage your property portfolio.

There are different ways of tax savings in property like Transfer of property to Limited Company_ Incorporation relief.

1. For Individuals:

A) Capital Gain Tax:

Individuals can claim incorporation relief under s162 and will pay no CGT as long as they fulfil business test, transfer to Ltd as going concern entirety of the business

B) SDLT:

a) Three Years Rule

b) Multiple Dwelling Relief (MDR)

c) 6 or more Dwellings – non-residential property transaction

d) Individuals can look into setting up partnership and then transferring property to company

e) FA2003 s53 applies connected individual, individual to company

2. For Partnership:

A) Capital Gain Tax:

Partnerships can claim incorporation relief under s162 and will pay no CGT as long as they fulfil business test, transfer to Ltd as going concern entirety of the business.

B) SDLT:

s15 FA2003 exempts the transfer from SDLT if transaction is from Partnership to Company.

Super Financial Limited is a firm with experienced Chartered Certified Accountants. We have a team of Proactive and Professional Accountants who will be looking after your Accountancy and Tax Matters with great care in all aspect of your business. We are also Sage Approved Partner.