Property

The purchase and sale of immovable property is subject to the imposition of tax on capital gains and stamp duty.Various rules set out the methods of valuation adopted, and their proper application could significantly reduce the incidence of tax or duty, as the case may be.

The transfer of securities is also subject to these rules, and it would be in the interest of a vendor, or purchaser, to properly evaluate the incidence of tax.

Advice should be sought at the earliest possible stage, so that the required documentation and valuation can be properly completed.

Obviously there are also commercial considerations to take into account when purchasing a property. Grant Thornton can advise on the most appropriate way for you to purchase a property and can offer tax advice at all stages of the purchase.