The Luxury Residential Property Market - 12 months on: Trends and Taxation
In our latest podcast, host Miri Stickland is joined by Residential Property Partner, Helen Marsh, and Tax Associate, Oliver Claridge, to discuss the impact of the last year on the high value residential property market and our ever-evolving property tax regime. Join us to hear how we are helping clients achieve speedy completions and for a discussion of potential tax reliefs that purchasers should be alive to. Helen and Oliver also reflect on the trends which are currently emerging in the market and potential taxation changes that may be on the horizon.
"There is a lot of activity across the market, with competitiveness at a high level in many different situations. Many people are looking to move a bit further out of town to achieve more space, both in terms of outdoor space and work-from-home office space. Alongside that, we are seeing clients purchasing a pied a terre in the City to provide them with a base when they are coming in to town. People's property needs have changed quite dramatically and the active market is reflecting that."
"It is really important to fully explore the applicable tax rates and reliefs that may be available as early on as possible in a transaction. That will give you much more certainty around your potential liability and can help avoid an unexpected tax hit."
In this episode we were joined by:
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