We have extensive experience of working with clients with property interests enabling us to provide expert advice in areas such as:
- Ownership and business structure
- Taxation of rental transactions
- Personal tax returns
- Capital gains tax
- Rent-a-room relief, principal private residence relief , lettings exemptions, treatment of overseas property holdings, inheritance tax, holiday lettings
- Structuring of finance to obtain maximum tax relief for interest paid
- Property development
- Support for property agents and their clients
A Guide to Property Tax for Residential Landlords
We have extensive experience of supporting our clients and their legal advisors by providing innovative forensic accounting and dispute advisory services which include:
- Quantifying loss or financial exposure
- Asset tracing
- Investigations of fraud, accounting ‘black holes’ and regulatory breaches
- Providing evidence in UK courts, arbitration tribunals and regulatory investigations
- HMRC investigations
- Contractual disputes
- Royalty and copyright disputes
- Marital disputes
Mergers and Acquisitions
Many of our clients have achieved substantial and sustained growth through a merger or acquisition of a business. At Rotherham Taylor we manage the M&A process from start to finish – identifying and screening businesses that match our client’s strategic objectives, entering into negotiations on our client’s behalf, carrying out financial due diligence, assisting with the raising of finance and implementation of post transaction tax structures.
Often perceived as too risky or expensive, many business owners shy away from the opportunities of operating in multiple markets. Through an extensive network of specialists across the world assisting with technical and legal support, we act for a number of UK businesses with overseas operations. We are also widely experienced in assisting a number of multinational firms looking to set up operations in the UK, providing advice on matters such as tax efficient structures and profit repatriation.
Trusts and Executorships
Trusts are renowned for being a tax efficient way in which assets can be passed to future generations. It is a common myth that Trusts can only benefit the very wealthy however at Rotherham Taylor we can advise you on whether a Trust would be suitable based on our knowledge of your needs and also the type of Trust that would be most beneficial.
We can also act as Trustees should you wish.
Doing Business in the UK
There are many reasons why so many businesses choose to set up base within the UK. The country has a thriving financial centre, a home market of more than 60 million people and it lies in the central time zone between the USA and the Asia.
Important tax changes for non-doms
Significant changes affecting the UK tax status of non-domiciled individuals (non-doms) will take effect on 6 April 2017 – and have far-reaching consequences for the majority of those who have previously enjoyed the tax breaks associated with non-dom status, regardless of whether they were initially born overseas or in the UK.
The remittance basis and the new 15/20-year rule
Under the new changes, non-domiciled individuals who have been a resident in the UK for 15 of the past 20 financial years will now be considered domiciled in the UK for all associated tax purposes, regardless of when they arrived.
This legislative change, known as ‘the 15/20-year rule’ effectively means that such individuals will no longer be entitled to claim the remittance basis for Income Tax or Capital Gains Tax (CGT) purposes. This means that those affected will be subject to UK tax on their worldwide income and gains.