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Can I transfer a company property to personal ownership?

How do you transfer a company property to personal ownership? We were recently contacted by Fred, whose company bought a residential property several years ago which he lives in. His co-directors have recommended that the property be transferred to the shareholders’ personal ownership. What are the possible tax consequences? Company-owned dwellingsHMRC aren’t keen on a […]

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​Property development – guidance on property development tax

For many, buying a property, doing it up and selling it for a profit is an attractive proposition. However, it will not always be clearcut when the line between simply investing in property and trading is crossed. From a tax perspective, the distinction is important as the tax consequences are not the same. Property development […]