Property Tax Issues Including the Abolition of FHLs

Objectives

Many clients will have property portfolios and may be struggling with increased interest costs. As such, they will be considering planning relating to those in order to mitigate their position. We will consider current tax aspects of property ownership, including the Budget 2024 announcement about the abolition of the Furnished Holiday Let (FHL) tax status from April 2025.

Key topics

• Property ownership structures – which are tax efficient?
• Capital allowances issues for property owners.
• Leases on commercial property – the tax issues
• Stamp Taxes hot topics, including the changes to SDLT Multiple Dwelling Relief announced in Budget 2024
• New rates of Capital Gains Tax (CGT) on disposal of residential property
• Furnished Holiday Lets and considerations to be taken before the April 2025 abolition
• Tax issues for non-residents holding property in the UK

Who should attend

Partners and managers in practice with property-owning clients who need to consider planning opportunities