By Graham Busch, Lawrence Grant Chartered Accountants
and Nick Brennan, Citroen Wells Chartered Accountants
Recent proposals and enactments change the UK tax landscape for non-UK residents investing in UK residential property. The changes do not apply to commercial property.
By Dr. Angelika Baumhof & Christian Pflaeger, Jakoby Dr Baumhof
Estate operators often conclude long-term rental contracts, which easily can exceed 30 years, to build wind farms or golf courses. Risks under German law are often overlooked. How can this be avoided?
By Prof. Robert Anthony and Dr. Michael Annett, Anthony & Cie.
When considering the purchase of property in France, it is important to be aware that property ownership will have consequences under French inheritance laws, and can generate French inheritance tax, capital gains tax, income tax, social charges and wealth tax liabilities. In specific cases, typically new builds, VAT at 19.6%, is also a factor to be considered as this is applied to the purchase of new and relatively new French property1, although this VAT can be claimed back under certain conditions2.
by Prof. Robert Anthony and Dr. Michael Annett, Anthony & Cie
In the last articlewe provided an introduction to the consequences of buying a property in France. Here we continue our analysis of the consequences of buying a property in France by developing the topic of French inheritance tax: France offers several options as to how property can be held, as property does not simply have to be owned directly in the names of the purchasers. It is also possible to own property through a French civil or commercial company. However, ownership of a French property by a commercial company can lead to financial nightmares, the issues relating to which invariably require the ownership to be restructured1.