Real Estate and wealth
Corporate structure and taxation for real estate investment and private wealth: an SPV per project, the choice between a trading company and a property holding company or between VAT and ITP, the taxation of each phase and your co-investors’ returns.
Book an initial assessment meetingWho it is for
We work with people who invest in property with an investor’s mindset: net yield, risk per project and the return for whoever puts up the money. Structuring an investment badly can wipe out a good part of the yield, and that is almost always decided before buying, not after.
Deals with several parties involved, where you need to define how the money goes in and how the return comes out.
Rental portfolios where the structure determines both the annual tax bill and the tax cost of handing over to the next generation.
Models with real activity behind them, where the tax classification completely changes the outcome.
One company per deal, with its financing and co-investors ring-fenced from the rest of the portfolio.
Tax and corporate structure
Before buying, there are two or three decisions that determine the profitability of the whole transaction. We explain them in plain terms and tell you how best to structure it.
There is a business activity when you organise resources: for example, someone employed to manage the letting. If you only hold assets, it is an asset-holding company.
It changes the real cost of the purchase: one can be recovered and the other cannot. It depends on who is selling.
Project 1
Project 2
Project 3
Real estate SPV (one company per project)
One company per deal. It pays off when there are co-investors, project financing or several investments in parallel.
- Ring-fenced risk
A problem in one project does not drag down the rest.
- Its own rules
Different co-investors and specific rules for each project.
- Independent view
Profitability and financing measured project by project.
Taxation at each stage of the investment
Each phase is taxed differently, and the tax bill for one depends on how the previous one was planned. Financing runs through the whole journey: its impact is measured across all four phases, not just the purchase.
PurchaseThe real cost of getting in
VAT or transfer tax (ITP) depending on who is selling, and planning the transaction before signing.
RefurbishmentWhat counts as an improvement
Its tax treatment and the associated advantages, depending on how the work is documented.
RentalRental taxation
Taxation of rental income and deductible expenses: this is where net return is decided, year after year.
SaleThe capital gain and its tax bill
Taxation of the capital gain and the timing of the exit, which is prepared from the moment of purchase.
Invest with the right structure from the start.
Business activity or property holding, VAT or transfer tax (ITP): we explain it clearly.
One SPV per project: it ring-fences risks and organises co-investment.
We calculate the investor’s return under each option.
Investment, co-investment and returns
We calculate the net return of each route and then choose the vehicle, not the other way round.
Contribute to the project without taking an equity stake: you share in the profit, with the split and tax treatment set out in a contract.
Takes an equity stake with voting rights: dividends during the life of the project and a capital gain on exit.
Lends to the project without sharing in the risk: agreed fixed interest, however the deal turns out.
Counts as equity. Interest is linked to results: it earns more if the project does better.
Wealth and the long term
The property portfolio supports the three layers that make the wealth outlast the transaction that started it.
Generational succession prepared, not improvised, with the tax bill planned in advance.
Profit distribution and entry and exit terms, agreed before any disagreement arises.
Property holding companies that keep real estate separate from the business and its risk.
What you get
Higher net return
The right structure and vehicle reduce the tax bill.
Clear return for the investor
We define and calculate how each co-investor is paid (CCP, dividends, loan).
Structure by project
SPVs to ring-fence risks and organise co-investment.
Informed decision
VAT vs transfer tax (ITP) and trading vs asset-holding, explained and applied.
Protected assets
Separating assets from the business, with succession in mind.
We help you with the big decisions
Tell us about your transaction or your portfolio and we will propose the optimal structure and vehicle. No commitment.
Book an initial assessment meeting