Holding uk property through a company

[Horix]

Im looking for some help or sources of information that may answer the following questions if any one could help

1.Are there any taxes payable by the owner of a uk property who is letting it for commercial gains excluding stamp,capital gains and income tax. Some countries have owners rates (rates for simply owning the property).

2.If a realestate holding company registered in the uk holds houses in the uk what rate is its income taxed at and are there any tax exemptions such realestate companies commonly claim for

3.if a realestate holding company or individual based overseas purchases a uk property is a. Stamp duty paid to the uk government upon buying the property?
b. rental income taxed by the uk government
c. Upon the sale of the property is capital gains tax payable to uk government

Thanks for reading

 

[jackie606]

Im looking for some help or sources of information that may answer the following questions if any one could help

1.Are there any taxes payable by the owner of a uk property who is letting it for commercial gains excluding stamp,capital gains and income tax. Some countries have owners rates (rates for simply owning the property).

2.If a realestate holding company registered in the uk holds houses in the uk what rate is its income taxed at and are there any tax exemptions such realestate companies commonly claim for

3.if a realestate holding company or individual based overseas purchases a uk property is a. Stamp duty paid to the uk government upon buying the property?
b. rental income taxed by the uk government
c. Upon the sale of the property is capital gains tax payable to uk government

Thanks for reading

Hello.... This information is general as there are some specific details that would be needed.
1. The owner of UK property is liable for Council Tax, the liability can be transferred to a tenant if the property is residential ( assuming it is rented out)
2. I assume you are referring to a UK limited company as the property owner, in this case the company would be liable for UK corporation tax
3. a. Stamp duty is payable dependent on the property value, there is a threshold where property below this value is 0 rated. Above this the rates go up on a staged basis, the % getting higher as the price gets higher
b. all income derived in the UK is declarable and the liability is dependent on your personal status/or the foreign company location. UK expats have a personal allowance, income below this level is not taxable, above is liable. For a Foreign national owning personally tax will be deducted, a foreign company will be liable for corporation tax..... however, the location of the company is important. You need specific tax advise based on the following personal or company ownership.... your nationality and location ( dual tax agreements can come to play). I can refer you to a UK adviser if required
Jackie

 

[jeffdjevdet]

I think this has recently changed again with the budget as well.