Property Tax in Nottingham

Property Tax

What Is Property Tax?

Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. Most commonly, property tax is a real estate ad-valorem tax, which can be considered a regressive tax. It is calculated by a local government where the property is located and paid by the owner of the property. The tax is usually based on the value of the owned property, including land. However, many jurisdictions also tax tangible personal property, such as cars and boats.

The local governing body will use the assessed taxes to fund water and sewer improvements, and provide law enforcement, fire protection, education, road and highway construction, libraries, and other services that benefit the community.

How can Seagrave French help you?

How can Seagrave French help you?

“Are you a buy to let investor or property dealer or developer?”

Property tax is a bit of a maze and we can advise you on issues such as…

  • Tax reduction strategies for rental income
  • What is a repair and tax-deductible and what is the capital and not
  • When to use a Limited Company to save tax
  • Trading income versus Capital Gain considerations and advice
  • Capital Gains rollover and holdover considerations
  • Stamp duty planning
  • Tax-efficient mortgage structures;
  • VAT considerations of property deals
  • Making the most of the Principal Private
  • Residence election
  • Tax issues on the sale of part of your residence
  • Second homes
  • Inheritance Tax angles

Contact Us

Whatever your ambitions, we will commit to them wholeheartedly and deliver the premium service you deserve. Get in touch today to book a chat with the experts at Seagrave French.

enquiries@seagravefrenchbaa.com

0115 9415193

1 Poplars Court, Lenton Lane, Nottingham, NG7 2RR

M-F: 9am-5pm, S-S: Closed

Seagrave French Chartered Accountants

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