n Without Prejudice - How should you own residential property in the UK? : tax international
|Article Title||How should you own residential property in the UK? : tax international|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||May 2015|
|Pages||22 - 23|
Should this be direct ownership, or through a company, trust or other structure? If you already own UK residential property should you change how it is owned? There is no simple answer. It will depend on a combination of factors including whether it is a long or short hold, the value of the property, whether it is going to be rented, the age and health of the owner(s), how it is funded and whether there is a need for confidentiality. There have been significant changes to the taxation of UK residential property recently. This will mean that existing UK property ownership should be reviewed, and care taken with how new UK property is purchased.
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