Tax and Legal Services
The United Kingdom has a very detailed and complicated taxation structure and legal system, both of which require specialist knowledge and guidance by professional solicitors and accountants. Even a simple act like purchasing an apartment has many intricate steps, which need to be followed correctly. Park Street Estates has a respected in-house tax solicitor, and a strong relationship with large established legal and accountancy practices capable of advising on any transaction, as well as on a general strategy for you and your family.
From the opening of a bank account at either a commercial or private bank, to obtaining a mortgage for the property which you choose to purchase, our staff will assist you in being prepared to meet the stringent requirements of UK financial institutions, such as proving your identity, the source of your funds and your certified regular income.
Our solicitors and accountants will advise you on the current rules under which you would become a UK tax-payer, and ensure that you pay the appropriate amount of tax, both to mitigate the level of it, and ensure that you follow the laws and regulations of this country. If you choose to purchase an investment property, then they will create a tax-efficient structure for the ownership of this property, and advise on the tax implications of collecting rent.
The staff at Park Street Estates will manage this process, making sure that the relevant professionals get the documentation that they require on a regular basis, and monitoring changes in the UK legal and taxation framework to ensure that the current strategy is always the optimal one.