UK Company for property ownership
Corporation tax rates in the UK at 20%, and soon to be 17% in 2020, are tremendously competitive and under average compared to the European average of 22.09%.
For property investors, this makes holding property in a UK corporate vehicle such as Family Investment Company, increasingly attractive.
According to the Financial Times, there were 38,000 mortgage applications through corporate structures between January and March 2016, a fourfold increase on the same period in 2015. In addition, more investors bought property via a UK limited company in the first three months of 2016 than in all of 2014 to help minimise personal taxes and the tax creep for property investors.
Fortress can assist with setting up a Family Investment Company for property ownership and can deliver the tax planning and share structuring around it to make it a tax efficient and effective property succession vehicle for many families.
Download our case study on utilising a Family Investment Company for owning property assets.
If you would like to know more about this solution and if it is relevant for your circumstances, please contact Andy Lee, our Marketing Director, for more information.