Tax Advice for Property Professionals
STax works closely with many different types of property professionals from commercial agents to LPA receivers. We can add value to your relationship with your client by delivering significant tax savings on their real estate assets. This can not only deliver extra revenue into your business but also give you a considerable competitive edge over your rivals.
But won’t our client’s accountant already be doing this for them?
It is not likely they will have the relevant experience or sector knowledge to be able to provide the level of advice we can in this niche area. The fact that your client’s accountant does not cover the areas we do in the same depth is no negative reflection on them. Here in the UK we have a vast and complex set of legislation underpinning the tax systems. No one person or firm could be an authority on all of it. We work in conjunction with many general accountants in very much the same way as your GP might refer a patient to a heart specialist!
Some of the areas we can add value to include:
If your clients are buying or selling property there are a myriad of tax risks and opportunities. If your clients are well advised it can dramatically change the end result or the deal and protect them from the many pitfalls waiting for the uninitiated.
This can help cement relationships with your existing clients, win new clients and close sales faster and even for higher considerations. For example an industrial unit with £500k of transferable tax relief is more attractive and worth more than an identical unit with none!
Even if no change is the order of the day, there are still opportunities for increasing your clients’ tax efficiency. A large proportion of our capital allowance work is referred to us by managing agents.
The perfect storm of a large amount of lending on commercial buildings over the last decade and the steep decline in freehold values (commercial outside of the M25) since the credit crunch, has resulted in banks being in control of many more buildings than they ever envisaged or certainly ever wanted!
Clawing back over paid taxes through the processing of historic capital allowance claims can hopefully bring businesses back from the brink. If this point has already been passed then our capital allowance work can be used to make assets more attractive for sale and potentially command higher values, therefore minimising the loss to the lender.
We have prepared a brief document detailing where our capital allowance work can add value for lenders. Please click on the link below to download this.
As well as providing advice direct to your clients we can also supply you with a number of resources, including:
- Draft emails to bring these tax related matters to you clients attention
- Articles for news letters
- Model documents e.g. s198 elections
- Technical briefs for use within your business
- Training for you and your staff so they can identify areas of risk & opportunity
If you would like to find out more about the work we do and how we can assist your business please don’t hesitate to contact us today.
“We have been involved in several projects with STAX and have been highly impressed with the quality of advice they have given. I thoroughly endorse working with them.”Savio D’Costa
“STAX has successfully advised many of our clients on capital allowances. Their work has not only had positive financial implication on our business but has also added real value to our client relationships. I have no hesitation in recommending STax to all our clients.”Paul Wade
“Over the time we have known Andrew Stanley at I have come to value his commercial and technical expertise on a wide range of subjects.”Alan Thompson
“Tax as most people know is a complex area, Andrew Stanley of STAX has the in-depth knowledge to simplify it. He is straightforward and able to apply his expertise to real life business problems with the aim of tax saving. Over the past few years I always found STAX to be responsive, approachable and professional.”Mr Dave Hartley
“STAX personnel are easy to deal with; always available on the telephone to offer sound advice, promptly resulting in us establishing a long-term relationship which has been quite beneficial to my business and to STAX. STAX overcame problems for me that other tax experts were unable to resolve resulting in my business making three (100%) successful claims for “pooled capital allowance”. STAX worked closely with my solicitors to ensure that the Purchase Contract for a new business acquisition was completed in a manner that allowed for tax efficiency savings. I have a lot of other positive comments to make but I understand that a testimonial has to be short!”Mr Robin Roopun
“We instructed STAX to review our main surgery in Hove at the end of 2012. We received an enquiry from HRMC and the District Valuer. I was impressed by how STAX took ownership of the negotiations and brought them to a swift close. Overall we successfully claimed just under 40% of our expenditure in allowances. This gave us a massive and very welcome reduction in our tax bill. We have since instructed STAX to look at allowances on the rest of our branches along with several other related tax matters.”Dr Bruno Silva
“Both us and our clients are very happy with the service and results of STAX’s work.”Dominic de Lord FCCA
“I have referred a number of my clients as well as some of my contacts to them so that their capital allowances claims for their buildings are calculated. My clients have been impressed with the high level of professionalism & expertise shown by STAX when carrying out their work.
Wherever I encounter clients with property interests I always ensure that they are aware of STAX & the services they offer. The most important thing is that their work reduces the amount of tax my clients pay in a way that doesn’t involve the use of a risky Tax Avoidance Scheme & is made with full disclosure of their calculations to HMRC.”Andrew McKenzie-Smart ACA CTA
“STAX has worked with us on many property recovery and restructuring scenarios and examined the Capital Allowances case providing useful additional input in each case. Andrew and his team have always taken the time to explain their work with allowances and its implication in terms that non tax people can follow. I am pleased to recommend them.”Stephen Ray