In the UK, taxes like business rates, council tax, and stamp duty land tax (SDLT) are frequently included in real estate taxes. When the purchase price of a property exceeds a certain amount, SDLT is a tax that the buyer must pay. While businesses that occupy non-residential properties are responsible for paying business rates, residents of a property pay council tax, which is used to pay for local government services.

Real estate and construction taxes in the UK could consist of the following:

STAMP DUTY TAX:

When a property’s purchase price exceeds a predetermined limit, the buyer must pay this tax. 

COUNCIL TAX:

Residents of a property pay this tax, which is used to pay for local government services like garbage collection, road upkeep, and street lighting. 

BUSINESS RATES:

This is a tax that is paid by businesses that occupy non-residential properties, such as offices, shops, and factories. 

LANDFILL TAX:

This fee is imposed on garbage that is disposed of in landfills. The tax, which is used to pay for environmental projects, aims to promote recycling and waste reduction.

CONSTRUCTION INDUSTRY SCHEME (CIS):

Under this scheme, contractors and subcontractors in the construction sector are required to withhold tax from the payments they make to subcontractors.

HOW CAN WE HELP YOU

We provide advice on specialised issues like student housing, care facilities, and hotels in addition to commercial and residential clients.

When clients are buying, selling, developing, or managing their property portfolios’ assets, we offer advice. Our tax services include joint ventures, corporate streamlining, equity and debt financing, capital allowances, capital gains tax, SDLT, and VAT.

REST ESTATE INVESTMENT TRUST

Guardians Training has extensive knowledge of Real Estate Investment Trusts because they have advised numerous real estate companies . Strong connections with important HMRC specialists support our extensive technical expertise and knowledge, enhancing our capacity to provide value throughout the entire real estate investment trusts lifecycle.

For regulatory compliance, we offer ongoing audit and tax compliance services.

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