INCORPORATING A PROPERTY BUSINESS

Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.

LEADING ACCOUNTANTS MOVE TO ‘THE OCTAGON’

LB Group, a Top 75 firm of Chartered Accountants, have relocated their Colchester office into the prestige ‘Octagon’ office building. The second floor suite totalling just under 5,000 sq. ft has been totally refitted to provide a mix of open plan and partitioned accommodation.

Does your company own a residential property worth more than £500,000?

If you own a residential property worth £500,000 or more within a company or a partnership with at least one corporate member, you need to be aware of the Annual Tax on Enveloped Dwellings (ATED) regime.