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Azets has announced the formation of a new property tax team in South Wales.
The new division, led by Amy Buckley, head of tax for Azets’ Central and West Region, will assist clients in key areas such as property investments and transactions.
The new Azets team will provide advice and assistance to clients of all sizes, covering areas such as ownership structures, stamp taxes, capital taxes, income taxes, CIS, VAT and social housing.
The creation of the specialist team within Azets comes on the back of OECD 2023 figures confirming property-related taxation amounted to 11.5% of GDP.
Buckley said: “As a business and as a region, we are delighted to be able to provide this specialist offering. The financial significance of property tax to HMRC and the Welsh Revenue Authority means that this is a key area for detailed scrutiny.
“The potential for unnecessary, unwelcome and unforeseen costs is a major risk to anyone entering into a property transaction. We are extremely fortunate within the region to have a vast amount of experience and knowledge, meaning we can provide a wide range of services to our clients and offer them the most effective tax advice.”
Azets employs more than 3,800 people, with 90 offices nationwide and has over 100,000 clients through its network of 189 offices across Europe.
