Property fund structures

Property fund structures guidance:

This Practice Note: • discusses the development of the large scale private rented sector (PRS) • considers the Government’s incentive package for Build to Rent (BTR) in...

Practice Note

This Practice Note set out some of the key issues to be considered when acting on the purchase of a property from a Self-Invested Personal Pension (SIPP) or a Small...

Practice Note

FORTHCOMING CHANGE: the rate of corporation tax will fall to 17% for the financial year 2020. This table compares the tax treatment of: • sole traders • partnerships...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this one minute guide. For further...

Practice Note

This Agreement is made on [date] Parties 1 [insert name of Seller] [of [insert address] OR [incorporated in England and Wales with company registration number [insert...

Precedents

This Practice Note considers the acts typically carried out by limited liability partnerships incoprorated under English law (LLPs) in the context of finance transactions...

Practice Note

This Table provides an overview of the direct tax treatment (ie corporation tax, income tax or capital gains tax treatment) of owning freehold or leasehold commercial...

Practice Note

Option 1—contract signed on behalf of a limited liability partnership Signed by [insert name of member or other authorised signatory] for and on behalf of [insert name of...

Precedents

Option 1—deed executed by a limited liability partnership under its common seal, where the limited liability partnership agreement mirrors the model articles and the...

Precedents

Option 1—contract signed by an individual general partner Signed by [insert name of individual general partner] for and on behalf of [insert name of limited...

Precedents

Option 1—deed executed by an individual general partner in the presence of a witness Executed as a deed by [insert name of limited partnership] acting by [insert name of...

Precedents

This Practice Note discusses the conditions that need to be satisfied to form a general partnership under the Partnership Act 1890 (PA 1890). It also discusses the...

Practice Note

This Practice Note discusses the formation of a limited partnership under the Limited Partnerships Act 1907 (LPA 1907). It also covers, among other things, the...

Practice Note

It will almost always be advisable for partners to enter into a partnership agreement in order to avoid application of any inappropriate default provisions in the...

Practice Note

For general information on Guernsey, see Practice Note: Private Client jurisdictional guide—Guernsey. Guernsey as a trust jurisdiction Whilst there are examples of...

Practice Note

Introduction Many significant and valuable UK buildings are held in Jersey Property Unit Trusts (JPUTs), sometimes referred to as Jersey Unit Trusts. This practice note...

Practice Note

Tax is a key consideration when selecting an appropriate structure for holding UK commercial property. The most common form of investment in UK commercial property is the...

Practice Note

Key differences in the legal risk profile, compared to a direct property purchase In general, the intention of a person buying the shares in an SPV which owns UK property...

Practice Note

Key differences in the legal risk profile, compared to a direct property purchase In general, the intention of the parties in a property SPV purchase is to replicate the...

Practice Note

It will almost always be advisable for the partners of a limited liability partnership (LLP) to enter into a limited liability partnership agreement in order to avoid the...

Practice Note

This Practice Note discusses the provisions of a limited partnership agreement for limited partnerships formed under the Limited Partnerships Act 1907 (LPA 1907). It...

Practice Note

This Agreement is made on [insert date] parties 1 [insert name of the Company] [of [insert address] OR incorporated in England and Wales with Company registration number...

Precedents

The Non-resident Landlords Scheme (NRL Scheme) requires income tax at the basic rate to be deducted from rental payments due to non-resident landlords in respect of a UK...

Practice Note

The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced in 2008. It created...

Practice Note

What are property derivatives? Property derivatives are derivative contracts which use the price of property as a reference rate to determine the amount the parties to...

Practice Note

Property derivatives A derivative is a financial contract that gives an investor a return based on the performance of an underlying asset. In essence, the contract...

Practice Note

Property joint ventures are typically structured in one of three ways: • contractual agreement • partnership • limited liability company Contractual agreement This is the...

Practice Note

Why sell and lease back? Release capital A sale and leaseback transaction allows an owner of real estate to unlock capital. In its most basic form the transaction is a...

Practice Note

What is a sale and leaseback? At its most basic level a sale and leaseback transaction involves the sale by an entity of some or all of its real property in return for a...

Practice Note

This Practice Note gives details of stamp duty land tax (SDLT) anti-avoidance rules and SDLT reliefs which apply specifically to transactions of partnerships. This...

Practice Note