13 Dec 2019
As we approach the end of the year we often see clients make significant changes to their business. A typical situation we see this time of year is clients looking to purchase commercial property in advance of the December year end.
A transaction of this nature can be costly if ill considered and a number of taxes, for example, capital allowances and VAT can be involved. Even where property is transferred for no cash consideration or within a family, tax implications still apply and need careful consideration.
Taking advice from Prime’s tax team will ensure you take advantage of all relevant tax reliefs available on the transaction and we can best structure the transaction from a commercial and tax perspective.
We encourage all of our clients to integrate us within their operations and see us as a consistent point of contact throughout the year so that we can provide proactive advice. We are committed to developing long term relationships with our clients and providing a service above and beyond a level that only fulfils their statutory requirements.
If you are planning on making significant changes to your business, please do not hesitate to contact a member of the tax team and we will be happy to assist and guide you through the process.
We encourage all of our clients to integrate us within their operations and see us as a consistent point of contact throughout the year so that we can provide proactive. "