Taxation and Property

Investing significantly in property requires not just careful management but also strategic foresight to maintain and enhance its value. At Arnold & Baldwin, we believe in empowering you with a clear understanding of the UK's tax landscape. Our valuations can optimise your tax obligations and maximise your property's potential.

Understanding key UK taxes

What is Capital Gains Tax?

Capital Gains Tax (CGT) is applied to the profit from selling your property that has appreciated in value. It's crucial to remember that the tax is on the gain, not the total sale price. The rate depends on factors like your income and the size of the gain, which can be either 18% or 28% for residential properties.

What is Inheritance Tax?

Inheritance Tax (IHT) affects an estate following someone's death, encompassing all property, possessions, and money. Understanding and planning for IHT with accurate property valuations can mitigate future tax impacts, a process we handle with utmost sensitivity and professionalism.

What is Non-Domicile Tax?

Non-Domicile Tax status affects UK residents whose permanent home is outside the UK. Such individuals are taxed on UK earnings but not on foreign income or gains unless brought into the UK. Our experts provide tailored advice to leverage this tax status effectively.

What is probate?

Probate involves managing and settling the estate of a deceased person, including debt clearance and asset distribution as per their will. Accurate valuations are vital here, ensuring a transparent and fair process for all involved – a responsibility we take seriously.

Why valuations matter in tax planning

A professional valuation transcends mere compliance—it's a strategic tool for savings. By accurately assessing your property's worth at crucial moments, such as before a sale or after a death, we help ensure that your tax calculations are precise, potentially lowering your liabilities and enhancing your planning capabilities.

Connect with Arnold & Baldwin

For expert guidance through the complexities of property taxation, reach out to Arnold & Baldwin. Our honest, approachable experts are dedicated to providing you with not only assessments but also insights that support wise property decisions.