Real estate transactions

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Real estate transactions guidance:

Produced in partnership with Martin Wilson 1 Capital allowances 1.1 In this clause 1: CAA 2001 means Capital Allowances Act 2001 Fixtures means those items forming part...

Precedents

Produced in partnership with Martin Wilson 1 Capital allowances—for use where the Seller has claimed plant and machinery allowances and the parties will enter into a s...

Precedents

This Practice Note is about capital allowance-related pre-contract enquiries on a property transfer. It applies to the grant of a new property interest (eg a lease) as...

Practice Note

This Practice Note sets out how the capital allowances rules interact with the rules relating to: • capital gains tax, including corporation tax on chargeable gains (CGT)...

Practice Note

In the real estate sector, property development is an essential part of the activities of all those involved in the sector, whether it consists of minor refurbishment,...

Practice Note

This Practice Note considers the indirect tax issues which can arise on the development of land. These issues often arise irrespective of whether the land is intended for...

Practice Note

This Practice Note is about the VAT issues that arise in commercial developments. It first considers a straightforward unproblematic scenario, and then looks at: •...

Practice Note

The direct tax treatment of landlords and tenants in relation to the grant of leases is considered in Practice Note: Direct tax treatment of leases—grant of a lease. This...

Practice Note

The legal structures of property interests in the jurisdictions of England and Wales, Scotland and Northern Ireland place leases at the centre of any UK property-related...

Practice Note

Produced in partnership with Martin Wilson [Date] [Grantor's name and Unique Taxpayer Reference (UTR)] [Grantee's name and UTR] Election to apportion the price of...

Precedents

Produced in partnership with Martin Wilson [Date] [Transferor's name and Unique Taxpayer Reference (UTR)] [Transferee's name and UTR] Election to apportion the price of...

Precedents

Stamp duty land tax (SDLT) is charged on chargeable land transactions. Consequently, the concept of a land transaction and what this encompasses is central to the...

Practice Note

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 developer is...

Practice Note

The tax treatment of real estate in the UK raises a range of tax issues for investors, covering both direct tax issues and indirect taxes, principally stamp duty land tax...

Practice Note

This Practice Note is about the VAT issues that arise in residential developments. It covers: • different types of development • the implications of granting short leases...

Practice Note

This Practice Note looks at the meaning of chargeable consideration, which determines the amount of stamp duty land tax (SDLT) payable on a chargeable transaction. For...

Practice Note

The amount of stamp duty land tax (SDLT) payable on a chargeable transaction is determined by reference to the 'chargeable consideration' for the transaction. This...

Practice Note

This Practice Note provides an overview of the stamp duty land tax (SDLT) treatment of the following common lease transactions: • grant of a lease • linked leases •...

Practice Note

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 are relevant to...

Practice Note

In practice, a tax lawyer is likely to come across the construction industry scheme (CIS) rules when representing: • a party to: ◦ a construction contract ◦ a sale of a...

Practice Note

The construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of sub-contractors in the construction industry under-declaring or failing...

Practice Note

This Practice Note is about the option to tax land and buildings. It considers the person by whom the option is exercised, the scope of the option, the exercise and...

Practice Note

This Practice Note is about the VAT implications of barter arrangements involving land and buildings. Why does this matter? Barter transactions can create unanticipated...

Practice Note

This Practice Note is about VAT issues to consider on the assignment or termination of a lease. In this Practice Note, unless stated otherwise, termination means any form...

Practice Note

This Practice Note is about the VAT issues to consider on the grant of a lease or under an ongoing lease. These include: • whether VAT is chargeable • when it is...

Practice Note

1 VAT 1.1 Unless otherwise stated in this Agreement: 1.1.1 all references in this Agreement to the Consideration and any other amounts payable or to be borne by one or...

Precedents

This Practice Note is about VAT issues to consider on the assignment or surrender of a lease. Must the seller account for VAT? VAT will be chargeable on an assignment or...

Practice Note

What to consider On the grant of a lease, you will need to consider: • whether VAT is chargeable • when it might be chargeable • service charges and...

Practice Note

FORTHCOMING CHANGE: HMRC published a call for evidence on 18 July 2019 on simplifying the rules on VAT partial exemption and the CGS. This considered various changes...

Practice Note

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 Practice Note: VAT...

Practice Note
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