Yesterday, 30 October 2024, the Chancellor announced that the Autumn 2024 budget will raise taxes by £40bn, the biggest raise since 1993. While the Autumn budget arguably does not portray as pessimistic an outlook for...more
11/1/2024
/ Autumn Statement ,
Budgets ,
Business Taxes ,
Capital Gains ,
Capital Gains Tax ,
Carried Interest ,
Carried Interest Tax Rates ,
Corporate Taxes ,
Inheritance ,
Inheritance Tax ,
Stamp Duty Land Tax ,
Tax Rates ,
UK
The real estate sector was not ignored by Budget announcements today. There were no seismic changes – the changes announced were less impactful than the speculation in the weeks preceding the Budget....more
10/31/2024
/ Autumn Statement ,
Budgets ,
Business Taxes ,
Capital Gains ,
Capital Gains Tax ,
Carried Interest ,
Carried Interest Tax Rates ,
Consultation ,
Corporate Taxes ,
Investment Funds ,
Residential Property Owners ,
Stamp Duty Land Tax ,
Tax Rates ,
UK
Budgets are normally stories of two halves. The first half contains the headline-grabbing tax policy reforms that can be encapsulated in a snappy soundbite in the Budget speech, such as “Chancellor scraps the non-dom regime”....more
3/1/2024
/ Autumn Statement ,
Compliance ,
Corporate Taxes ,
Estate Tax ,
Federal Budget ,
First Time Homebuyers ,
General Elections ,
Gift Tax ,
HMRC ,
Income Taxes ,
Revenue Growth ,
Stamp Duty Land Tax ,
Tax Incentives ,
Tax Levy ,
Tax Reform ,
UK ,
Value-Added Tax (VAT)
In contrast to recent years, when there has been plenty for real estate tax lawyers to feast on, this Autumn Statement was fairly quiet.
Full expensing -
After a prolonged period of time-limited, enhanced reliefs,...more
How do you draft a tax covenant for a corporate sale when the Seller Group is within the scope of a Pillar Two charge? This is an issue that will become increasingly relevant as we approach the Pillar Two start date at the...more
Summary -
Some key measures for businesses in this sector were:
..Cancellation of the planned increase in the rate of corporation tax from 19% to 25% from April 2023. The rate will remain at 19%.
..From November...more
In this blog we consider the current design of the residential property developer tax (RPDT). Separately we have blogged on the triggers for liability. This blog is based on the current draft of the legislation issued on 20...more
The Government has amended the existing non-resident landlord scheme regulations (S.I. 1995/2902) in readiness for the transition to corporation tax for non-resident corporate landlords from 6 April 2020. The changes impact...more
2/20/2020
/ Amended Regulation ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Corporate Taxes ,
HMRC ,
Real Estate Brokers ,
Real Estate Professionals ,
Tax Deductions ,
UK ,
Withholding Tax