UK Commercial Property - Understanding the Tax Issues

The trainer started her career with HM Inland Revenue as a Fully Trained Inspector before qualifying as a Chartered Tax Advisor whilst still working for the department.  She worked in the Large Business Office and in the local District network, covering all aspects of direct tax.

She left in 2000 to become a consultant before setting up in business, providing training and consultancy.  The training involves CPD seminars, exam training, mentoring, and bespoke in-house training for all levels of accountants and tax specialists.  The consultancy involves accountants and businesses on all aspects of tax planning and dealing with tax disclosures, HMRC enquiries and Tribunal cases.  All aspects of direct tax and Stamp Duty Land Tax are covered.

The trainer believes that the interaction between training and consultancy is vital to providing the highest quality service in both areas.  The consultancy allows the training to be practical by focussing on real cases where problems have been encountered and solved.  The experience of providing consultancy allows the training to interact with delegates encouraged to participate and discuss their cases.  

This UK commercial property tax course will update delegates on the following:

• The range of taxes on property that apply to buying and selling commercial property regarding the differences which apply to residential property
• How different ownership structures impact tax rates 
  • Non-resident companies with UK property businesses i.e. commercial land
  • Non-resident landlord scheme
• The tax relief available for buildings 
  • Structures and buildings allowance
  • Integral plant
• Leases 
  • Premiums
  • Onerous leases
  • Capital gains issues
• How taxable rental income and relief for finance costs differ for individuals and companies
• The capital gains on commercial property rules for non-residents disposing of UK commercial property and land
• The key commercial property VAT principles of property transactions 
  • The different rates that apply in different circumstances
  • Option to tax
• Stamp taxes and key reliefs

• The UK commercial property tax course covers a wide range of business, personal and indirect taxes such as commercial property VAT, tax relief for finance cost and structures and buildings allowance
• There are many numerical examples to aid understanding of potential tax exposure for commercial land

This UK commercial property tax course is a ‘must know’ for: 

• Staff dealing with private client issues particularly involving high net worth individuals
• Business owners looking to invest in property
• Corporate tax specialists dealing with businesses transacting in property
• Conveyancers who need to understand the tax background to property transactions

 And a ‘nice to know’ for: 

• General practitioners looking to add value to services provided to clients

Understanding UK property taxes on commercial property have become increasingly complex in recent years. There are several high-risk compliance areas and anti-avoidance provisions, that can catch the unwary and prove very costly in terms of unforeseen tax liabilities and penalties. At the end of the session, participants should be aware of the major tax issues, both compliance and planning, that are likely to arise on construction projects and property purchases or sales. Key tax cases will be discussed and the tax traps that you should try to avoid will be highlighted.