Overseas investors acquire UK residential and commercial property for many reasons, in particular, to develop for onward sale, to invest and receive rental income and to provide a private residence for family when visiting the UK – each reason for acquiring property will give rise to an exposure to UK taxation, including Stamp Duty, VAT and the Annual Tax on Enveloped Dwellings.

Great care needs to be taken because the UK taxation consequences for not planning correctly are significant – income, corporation, capital gains and inheritance tax will be applicable for the unwary. Wilton provide UK and international tax planning advice to the highest standard to overseas investors wishing to acquire UK property for whatever reason. In addition, because Wilton has a multi lingual approach to providing property tax advice, such advice can be presented not only in English but also in Russian, Arabic, French and other European languages.

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