Non-UK tax residents buying UK property
Key Learning Points:
An overview of the key taxes and practical issues that need to be considered when a Non-Resident client is buying property in the UK:
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UK taxes that apply to a property purchase
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Stamp Duty Land Tax (SDLT)
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UK Inheritance Tax (IHT) on UK property
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The advantages of debt
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Buying in joint ownership with children
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Buying through a structure for personal and rental properties
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Uk taxes on the sale of the property
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UK taxation of rental income
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Uk tax return requirements for property ownership