Real Estate Tax
The pace of change in the world of real estate taxation over the past five to ten years has been extremely rapid.
Our clients usually all have the same concern - to understand the tax treatment of their transactions and avoid any pitfalls. We have the expertise within the team to provide you with clear, commercially sound tax advice and to ensure that the structure meets your needs. This is invaluable for getting the transaction moving in the right direction from the outset.
We can help bring greater certainty to your property transactions by advising on the wide range of tax issues affecting:-
- acquisitions of both properties and corporate “special purpose vehicles” which hold properties
- sale and rental of properties
- construction and development of properties
We advise on VAT, SDLT and capital allowances, and structuring such as “Prudential” planning and golden-brick schemes. We have also helped clients involved in major infrastructure projects achieve solutions to their SDLT issues.
See more about our Real Estate services.
Some good news (at last) for business rate payers in England21 January 2019
On 1 November 2018 the Rating (Property in Common Occupation) and Council Tax (Empty Dwellings) Act 2018 (Act) received Royal Assent. The Act will apply to England only. It was introduced in response to the controversial decision of the Supreme Court in Woolway v Mazars in 2015. The title of the Act doesn’t sound exciting but it may save some businesses money by reversing potential increases in their liability to business rates. Before we look at what the Act does, let’s remind ourselves as to why the Government felt compelled to step in and legislate
Community Infrastructure Levy18 January 2019
The Community Infrastructure Levy (“CIL”) is a discretionary planning charge which was introduced in 2010 through the Community Infrastructure Levy Regulations 2010.
Sleight of Ha(mmo)nd: Autumn Statement 201624 November 2016
I was all ready to write about how the Autumn Statement was an audacious piece of misdirection, using a flashy reduction of corporation tax (to the much-rumoured rate of 15%, or maybe lower) to detract from less welcome announcements.