As a property specialist within our Private Wealth and Tax team, Phil helps individual clients to complete property transactions successfully. Typical examples include purchasing a UK property as an additional home, as an investment, or for children; selling an inherited property; buying a property overseas; buying a UK property prior to returning after being resident elsewhere; and transferring ownership of a property as part of estate-planning. The first step is to fully understand the client’s particular situation and objectives, so that a bespoke solution can be created that precisely meets those needs and prevents costly problems from arising in future.
The tax aspects of these transactions can be complicated, especially if there is an international element, so Phil works closely with the firm’s specialists in tax, immigration and other areas whenever required.
- Advising a family on a £2 million purchase in the East Neuk, which involved restructuring the other family properties.
- Advising a Texas-based multinational company on a £2.4 million purchase in East Lothian.
- Helping a high-net-worth family achieve a £3 million off-market sale of a family home in East Lothian.
- Advising an ex-pat professional on moving back to the UK from Hong Kong, and sourcing a suitable property for him.
- Advising a high-net-worth family on CGT and ADS implications on purchasing properties for their three children.
