Property Management Companies

Ownership Structures and Tax Free Personal Allowances

By far the simplest way to own a property is to purchase it in your own name. However, trusts and non UK resident companies can have significant Income and Inheritance Tax advantages.

Against this the government have introduced additional taxes for properties that are owned by non natural persons and/or valued in excess of £2million. They have also proposed the extension of capital gains tax to properties owned by non natural persons (broadly but not exclusively non resident companies and trusts) even if the ultimate owners are not resident in the UK.

Professional advice should therefore be sought about how to structure the ownership of UK property.