June 2017

8 BUILD / June 2017 , Buy-to-Let and how can help you purchase, own, sell & inherit property in a Tax efficient way. TheWinchamSolution With the recent legislation changes in the UK, it is becoming far more tax efficient to own investment properties in a corporate structure. From the 1st April 2016, landlords have had to pay the standard rates of stamp duty, plus an extra three percent when they purchase a buy-to-let property in addition to their main residence. This increase can add thousands of pounds to the stamp duty bill and applies to property purchases in England, Wales and Northern Ireland. This change in stamp duty charges also extends to homes abroad. For example, if you already own a home in Spain and buy an additional property in England, you will have to pay the higher rate of UK stamp duty. The Wincham Solution Wincham International Ltd, is a legal, taxation and accountancy practise, providing professional services to owners of assets in the UK and abroad. With offices located in the UK and Spain, our organisation has qualified professionals in both jurisdictions. Our team consist of Tax Consultants, Chartered Accountants, Economists, Lawyers and members of the Institute of Credit Management. Our subsidiary company, which is a professional Companies House formation agent, provides company formation services and the future corporate management of our client companies. Additionally, we are members of the (A.I.P.P) Association of International Property Professionals and operate to their code of conduct. Our Cases are covered by our Membership of the AIPP Disciplinary Panel and our company holds (P.I.) Professional Indemnity Insurance which covers our services & activities in the UK and Spanish operations. We also have a (MLR) Money Laundering Regulation licence approved by HMRC in the UK so clients can trust the services and solutions that we supply. Established in 1994, Wincham have become market leaders helping clients purchase and own properties in Spain within a UK Limited Company structure. What are the benefits? • Possible reduction of Property Purchase Tax on buying of re-sale Spanish property. • Spanish Inheritance and Wealth Tax Savings. • Reductions in potential future Capital gains Tax. • No Spanish will/Spanish probate required. • No Off-Shore Company Tax. Mark Roach, Managing Director of Wincham International elaborates about one of the benefits; “Placing your property into a UK Limited Company structure, brings possible tax savings. Our UK Company ownership model has been a proven solution and a peace of mind for our clients with assets in Spain and can be applied to any country that has treaties with the United Kingdom.” Wincham has now replicated our successful model and is supplying these services to the UK buy-to-let market, allowing clients to benefit from our expertise in this field. If you own a UK Investment property in your personal name which is mortgage free, then Wincham can help you place your property into a UK Limited Company structure with minimal or no stamp duty or UK Capital Gains Tax (CGT) to pay. Reasons to own UK investment property within a UK Limited Company • The resale of a UK Limited Company holding a property could have no stamp duty. • £5000 Dividend tax free per shareholder. • Inheritance Tax Planning and in many cases, zero tax to pay. • Only 20% Corporation Tax to pay on profit, compared to 40%+ for personal income Tax bands. • Reduction of Capital Gains Tax. • Any advances you make to your Limited Company can be drawn out by the way of a Directors Loan, tax free. • Mortgage interest tax allowance against company profits. Further information can be obtained via our dedicated buy-to-let Wincham website page here - www. winchambuytolet.com For further information on purchasing Spanish property into a UK Limited Company structure please visit www. winchamukcompany.com If you have any questions regarding privately buying or selling a property, or have any legal, accounting, or taxation requirements, visit the Wincham website www.wincham. com or call one of our trained Wincham Consultants 0044 (0) 1260 299 700 (UK). To arrange a free consultation with one of our Wincham Consultants, please visit www.winchamiht.com We will provide a free Spanish Inheritance Tax illustration demonstrating the liabilities your Beneficiaries would have when inheriting Spanish assets in their personal names. Please also visit www.winchamiht.com to watch our Wincham 4-minute online presentation about the Spanish Inheritance Tax problem and solution. 1706BU02