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The Tax Reasons Why International Private Clients Are Renting

Author

Andy Wood

Andy is a practical, creative tax adviser who assists a variety of clients in achieving their personal and commercial objectives in the most tax efficient manner.

Andy Wood, Founder and Technical Director at Enterprise Tax Consultants Discusses The Tax Reasons Why International Private Clients Are Choosing to Rent Property.

Introduction…

I note with interest the article in the Times Bricks and Mortar section entitled ‘The Rental Revolution: Why even the wealthy are renting’. This was largely a non-tax article.

This piece made me recall a conversation I had with a London Property lawyer. He had spent many years advising overseas clients on how to structure property purchases in the UK and mainly London.

At the end of our conversation we came to the conclusion – why on earth would a wealthy person buy a high-end property in London?

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Enterprise Tax Consultants can advise on all aspects Property & Private Wealth

Tax advice services include IHT and property tax as well as estate planning for private wealth individuals, trusts or FICs.

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