A legal expert from Thursfields Solicitors is featuring in a free seminar in Worcester next month on property tax issues and avoiding property minefields.
The event, held in partnership with Bishop Fleming accountants, runs from 8.30 to 10am on Wednesday 9 May in the Graeme Hick Pavilion at Worcestershire County Cricket Club, and is open to any property owners, leaseholders or managers.
Katie Williams, an associate solicitor in the Commercial Property department will give a talk about the importance of knowing your property and how to protect the value of your assets.
Katie said: “I will be explaining the steps that you need to take before you even buy a property, such as the investigations you can ask your solicitor to make to ensure there are no nasty surprises lurking in the background.
There are many issues relating to property that may seriously affect its value or prevent you from using it in the way that you intended.
These range from issues about where the boundaries lie and restrictions that are registered against the title of the land to the presence of actual mines in some areas.
Your legal adviser can carry out a number of searches and make investigations for you before you purchase the land and I will talk about what searches are available.
There are also steps that you can take to ensure that you know your property well and I will also touch on these. My aim will be to help people be more aware of the issues that they need to think about when buying property in order to protect the value of the asset in the long term.”
Bishop Fleming accountants Rob Pearce and Robert Bailey will also provide insights into current tax issues affecting residential and commercial property owners.
Rob Pearce, senior tax manager at Bishop Fleming, said: “The tax consequences of owning residential and commercial property depend on a variety of factors, including how the property is held and its use.
The choice of holding structure can have a significant impact on tax liabilities from acquisition through to ultimate disposal of the property, and so it pays to take the time to get the position right up front.”
Places at the property event, where tea, coffee and refreshments will be provided, can be booked via Eventbrite at https://www.eventbrite.co.uk/e/bishop-fleming-and-thursfields-property-seminar-tickets-44789561785.
For further information, please contact:
Dani James, Business Development Manager, Thursfields Solicitors
Email: firstname.lastname@example.org Tel: 01905 677066