Martin Shah

This Practice Note considers the consequences of breaches of the various conditions that an open-ended investment company (OEIC) must meet to qualify for tax treatment under the property authorised investment funds (PAIF) regime, as well as the tax consequences of an exit from the regime. This Practice Note is produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note looks at the tax treatment of property authorised investment funds (PAIFs) and their investors, and at some of the associated compliance obligations. This Practice Note is produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note looks at the various conditions that an open-ended investment company (OEIC) must meet to qualify for tax treatment under the property authorised investment fund (PAIF) regime. This Practice Note is produced in partnership with Martin Shah of Simmons & Simmons.

This Practice Note provides an overview of a number of practical considerations relating to the VAT exemption for the management of special investment funds. This Practice Note is produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP.

This Practice Note sets out the consequences of a real estate investment trust (REIT) ceasing to meet one or more of the qualifying conditions contained in the UK’s REIT regime. It covers the circumstances in which a REIT can be automatically expelled from the regime, when notification of a breach is required, and the varying implications of different kinds of breaches, including the impact of multiple breaches. It also looks at how a company exits the REIT regime voluntarily. Finally, it considers the tax consequences of exit. This Practice Note was produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note looks the position where a UK real estate investment trust (REIT) makes an indirect investment into property through a partnership, offshore unit trust or company. It also looks specifically at the situation where a REIT invests through a company (or group of companies) that qualifies as a joint venture, and at the resultant tax treatment that applies. This Practice Note was produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note provides an outline of the tax regime applicable to UK real estate investment trusts (REITs). It summarises the rationale behind the REIT regime, what a REIT is, the conditions for the UK REIT regime to apply and the tax treatment of the REIT and its investors. This Practice Note was produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note discusses the tax treatment of UK real estate investment trusts (REITs) and their shareholders, including the requirement imposed on REITs to withhold UK tax from certain distributions to those shareholders. This Practice Note was produced in partnership with Martin Shah of Simmons & Simmons LLP.

This Practice Note sets out the conditions and tests that are required to be met by real estate investment trusts (REITs) in order to benefit from the REIT tax regime. It looks at the company conditions, the property rental business conditions, the balance of business conditions, and the distribution condition. It also discusses the two additional tests—the holder of excessive rights (or corporate ownership) test and the interest cover test—which both place practical restrictions on how a REIT is set up and funded. This Practice Note was produced in partnership with Martin Shah of Simmons and Simmons LLP.

This Practice Note provides an overview of the VAT exemption for fund management of special investment funds. It discusses the meaning of management and the meaning of special investment fund. This Practice Note is produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP

This Q&A considers the impact of coronavirus-related restrictions on corporate tax residency and permanent establishments and is produced in partnership with Martin Shah of Simmons & Simmons LLP.