Real estate tax

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Practice notes
Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
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Produced in partnership with Martin Wilson 9th Nov
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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9th Nov
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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Produced in partnership with Martin Wilson 9th Nov
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 9th Nov
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 9th Nov
Practice notes
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
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9th Nov
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 9th Nov
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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9th Nov
Practice notes
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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9th Nov
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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9th Nov
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah 9th Nov
Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
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9th Nov
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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9th Nov
Practice notes
A management buyout, or MBO, involves the acquisition of a business by its existing management team usually with the help of private equity financing....
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9th Nov
Practice notes
The international movement of capital rules should be considered whenever:•any non-UK tax resident subsidiary (referred to in this note as a foreign...
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9th Nov

Most recent Real estate tax content

Practice notes
The charge to UK income tax applies to the profits of both a UK and overseas property business.A property business is one which generates income from...
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30th Nov
Practice notes
This Practice Note covers the extent to which interest expenditure is deductible for income tax payers and corporation tax payers investing in UK real...
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30th Nov
Practice notes
ARCHIVED: This Practice Note gives an overview of the non-resident capital gains tax (NRCGT) charge that applied to certain non-UK resident persons...
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Produced in partnership with Alison Cartin of Bryan Cave Leighton Paisner 29th Nov
Q&As
Partitioning property is dealt with in paragraph 6 of Schedule 4 to the Finance Act 2003. Where a land transaction is giving effect to a partition or...
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Produced in partnership with Mary Ashley of Old Square Tax Chambers 29th Nov
Q&As
It is fairly common for property to be left to a number of beneficiaries. In many cases this will result in the beneficiaries wishing to sell the...
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Produced in partnership with Kirstie Danton of St Ives Chambers 29th Nov
Q&As
Stamp duty land tax (SDLT) is charged on chargeable land transactions (the acquisition of a chargeable interest). A land transaction is not chargeable...
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29th Nov
Practice notes
What is the annual tax on enveloped dwellings?The annual tax on enveloped dwellings (ATED) was introduced as part of a package of measures aimed at...
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29th Nov
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note covers the anti-avoidance measure for transactions in land...
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Produced in partnership with Charles Goddard of Rosetta Tax 29th Nov
Practice notes
The tax treatment of real estate in the UK raises a range of tax issues for investors, covering both direct tax issues (principally around whether the...
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29th Nov
Practice notes
This Practice Note explains the special stamp duty land tax (SDLT) rules which apply when an interest in land is transferred to a partnership from one...
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29th Nov
Practice notes
FORTHCOMING CHANGE relating to construction industry scheme (CIS) abuse: Following a consultation that ran until 28 August 2020, Finance Bill 2021 (FB...
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29th Nov
Practice notes
The regime for real estate investment trusts (REITs or, as they are officially referred to, UK REITs) requires a number of conditions to be satisfied...
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Produced in partnership with Martin Shah 29th Nov
Practice notes
This Practice Note, together with Profits from trading in and developing UK land (transactions in UK land), discusses the anti-avoidance measures...
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Produced in partnership with Charles Goddard of Rosetta Tax 29th Nov
Practice notes
Tax is a key consideration when selecting an appropriate structure for holding UK commercial property. The most common form of investment in UK...
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Produced in partnership with James Meakin of Dentons 29th Nov
Practice notes
This Practice Note is about the VAT time of supply rules for property transactions. For an explanation of the general VAT time of supply rules, see...
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Produced in partnership with Martin Scammell 29th Nov
Practice notes
This Practice Note is about VAT issues to consider on the assignment or termination of a lease.In this Practice Note, unless stated otherwise,...
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Produced in partnership with Martin Scammell 29th Nov
Practice notes
The tax regime for Property Authorised Investment Funds (PAIFs, or, as HMRC refers to them in regulations and its published guidance, Property AIFs)...
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Produced in partnership with Martin Shah 29th Nov
Practice notes
A musharaka is a form of Islamic financing that operates as a form of shared ownership arrangement. It can be used as a Shari’a-compliant alternative...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 29th Nov

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