Family Office Real Estate

Tax advisory

Our real estate tax team offers a wide range of tax advisory services including, but not limited to, pre-bid support, full tax due diligence in order to identify and quantify risks inherited, and tax advice on a suitable holding and financing structure, taking into account both the personal tax implications and real estate tax implications. We also advise on the strategic management of our family office investors’ tax position and optimisation of reliefs such as capital allowances.

Key contacts

Richard Beaumont (Partner, London)

Leonie Webster (Partner, London)

Christina Chan (Partner, Hong Kong)

Mandy Yau (Partner, Singapore)

Sophie Stoughton (Director, London)

Stephanie Wong (Associate Director, London)

Now that non-resident investors are within the charge of UK corporation tax from April 2020, restrictions on relief from interest deductions (on both related party and bank debt) will apply. Therefore, it has become increasingly important to focus on other available reliefs, capital allowances being the most important of these. As the largest capital allowances practice in the UK, Deloitte’s team has a particular focus on property investors. They routinely advise clients that have already received capital allowances advice from other advisors and through their specialist expertise in over 90% of the cases are able to pull through significant additional tax shelter.

In the context of the rise in the main rate of corporation tax to 25% from 1 April 2023, optimising the capital allowances position is increasingly important for businesses.  Recent years have seen significant changes in the capital allowances regime, in particular, the introduction of beneficial first year allowances which apply to various plant and machinery investments made from 1 April 2021 (see here).  Deloitte’s team is uniquely well placed to advise in this area, having liaised closely with HMRC in discussing the operation of these reliefs.

Key contacts

Peter Millwood (Partner, London)

Pavel Delvig (Director, London)

Adam Cook (Director, London)