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We have been advising a number of clients with substantial large property portfolios of both residential, commercial and mixed portfolios. Properties may be held in direct ownership or through a Company.
Some of these portfolios are standing at significant capital gains.
As these portfolios are not ‘trading’ they do not qualify for either Business Property Relief (BPR) for IHT purposes or CGT Entrepreneurs’ Relief.
Luckily, such portfolios can be dealt with in a number of ways, without triggering unpalatable tax charges upfront, including:
Again, these are general concepts which can be applied and revised to a number of different cases. It is important that all planning is tailored to the individual client.
Also, consider that the Government is consulting on widening the scope of DOTAS as it applies to IHT so Clients should also bear this in mind.
Again, please contact us if you would like to discuss.