Property tax specialist sought

Client with property portfolios in Ltd and individual

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Client has properties in both his own name and ltd company. Properties purchased over many years starting early 1990's. He now wants out. I would  appreciate recommendations for people experienced in this field.Happy to work on line.I am looking for a specialist as the stakes are high.

thank you

 

 

 

Replies (8)

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By Justin Bryant
22nd Nov 2017 11:27

I am pretty good at most property tax issues I like to think.
www.ated.co.uk

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By Portia Nina Levin
22nd Nov 2017 12:00

@AWebTom. Can we have some emoticons that we can use please?

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Tom Herbert
By Tom Herbert
24th Nov 2017 12:45

*shakes head*

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By Portia Nina Levin
24th Nov 2017 13:06

*makes rude gesture behind Tom's back*

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paddle steamer
By DJKL
22nd Nov 2017 12:16

Not offering myself here, but is there any economic merit re selling company shares would be my first question.

Hate to say that from observation it is usually not worthwhile re residential, unless properties are all close together serious players will not want them (expensive to operate with scattered units (adds massively to the work)) and the amateurs will not pay a decent price, tending to be bottom feeders.

Your client ought to evaluate the economics, but very often the slow haul sale of individual properties from the company, even with double tax re exit, is better than the corporate sale .

Accordingly your client needs to first knock up what ifs re the different exit routes re the company as selling individually (especially if residential) will likely elicit a better price (more buyers)

As an example we knocked out 57 flats individually from March 2013 to December 2015, managing the cashflow re rents re the others and never saturating the market (flats were two blocks and could have been sold to institutions, but we received far better pricing selling singly rather than as unum quid), it is slower but tends often to realise more.

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Replying to DJKL:
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By Tosie
22nd Nov 2017 13:46

DJKL Thanks very much for advice. There are a lot of pennies involved and I don't want to miss anything so appreciate your suggestions and advice.
Many thanks

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Red Leader
By Red Leader
22nd Nov 2017 13:14

I recommend trying these:

http://www.fyldetaxaccountants.co.uk/

I have no connection but have met the principal.

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By Tosie
22nd Nov 2017 13:47

Thank you

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