One of the areas where our advice is most sought after is restructuring of ownership and strategic decisions when it comes to handling assets and the tax that it attracts as a result. Our expertise helps clients in planning property tax better, assisting in the screening of agreements and all commercial arrangements to make a meaningful impact on reduction of liabilities. As leading experts on VAT, we are aware of its implications and overarching effects on property affairs, which helps us to guide clients negotiate VAT laws smoothly. Clients seem largely unaware of what constitutes Capital Gains and the tax it attracts.
This requires a careful interpretation, and our knowledge of CGT has helped clients take an informed decision on disposal of properties, including spreading it over different tax years. The structuring of financing options impacts the financial health of entities, and our advise has helped clients plan financing options better. Property affairs come with considerable statutory requirements and at Target Accounting we offer complete solutions to take care of statutory requirements in addition to planning.
Many property owners are largely unaware of the ramifications of Section 24, and grope in the dark for a solution. At Target Accounting we have helped clients sidestep the tax surge arising out of reduction in reliefs, by choosing a company incorporation route and modifying the beneficiary claim ratio as permitted by law.
This is of great relevance as hundreds of thousands of property owners will slowly experience the effects of increasing tax exposure due to the phased withdrawal of reliefs through Section 24 of the Finance Act.