Property Review Checklist

Navigating the complexities of property transactions requires careful consideration of numerous factors.

Whether you are investing in commercial or residential property, ensuring all aspects are reviewed thoroughly can safeguard your investment and maximise returns.

Our Property Review Checklist is designed to assist you in evaluating key elements essential to your property acquisition or development.

If you can answer yes to any of the question on our the below property review checklist there could be an opportunity for tax savings!

Commercial Property 

• Are you converting commercial to residential? 
• Has the property or land been opted to tax? 
• Are you considering renting the property on completion? 
• Is your purchase a split of commercial and residential? I.e a shop with flats above 
• Have you/your solicitor considered a S198 election? 

Residential Property 

• Have you purchased a residential property that hasn’t been lived in for the past 2 years? 
• Has it been lived in, in the last 10 years? 
• Are you adapting the property for disabilities? 
• Is the property inhabitable? 
• Are you converting to multiple dwellings? 

General Business 

• Are you considering a joint venture with someone that already owns the land/property? 
• Is this your first rental and you are looking to build more ongoing? 
• Have you already started a project and you are now considering changing the intention? 
• Will you be engaging subcontractors? 

Property Review Reporting

Here at Friend and Grant we want to be able to put your mind at ease from the start and present a detailed report that looks at the current position, areas where we believe tax can be saved, and review the back up options so that we know the implications in a worst case scenario and where possible, what we can do to avoid paying unnecessary taxes.

Getting in touch

Whether you’re seeking guidance or making critical decisions about your property investments, we’re here to help.

If you have any questions or require assistance with points discussed in this blog, feel free to reach out to our VAT expert Luke via email or give us a call on 01634 731390.