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Tax update: Trading property ownership

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6 February 2019

The decision as to whether to acquire business premises personally or via a company will be dependent upon a number of different factors. This includes commerical considerations such as financing options and legal protection, relevant tax charges and available relief, as well as longer-term plans for a potential future sale of the business. 

We have summarised below some of the consdierations and tax implications of the three most common holding structures below. 

 

As can been seen from the above, there are tax advantages of both personal and company ownership, so it often is not clear cut as to the best approach to take and it will likely be down to a combination of factors. 

If considering a change in the ownership of an existing business property, there could be an additional tax charges inculding stamp duty land tax and capital gains tax to pay, so again careful consideration should be given to these.