- Option to tax - commercial buildings: Our team helped this real estate client achieve a successful VAT saving by removal of option to tax attributable to commercial buildings.
- Property de-merger: We assisted this real estate client with completing a property group de-merger.
- VAT Capital Goods Scheme: Our VAT experts successfully achieved substantial recovery of VAT from a property transfer under the Capital Goods Scheme.
- Nursing homes group: We conducted a capital allowances review and made recommendations for this Nursing Homes Group, which resulted in savings of over £2million.
- Property acquisitions: We have completed tax due diligence for property acquisitions.
- Transfer of a Going Concern (TOGC) status: We saved this real estate client £1.7M VAT by careful review and advice on TOGC status;
- Property fund: We were retained to advise on the UK end of a £50 million Isle of Man based property fund. We agreed the structure of the UK Limited Partnership with the UK General Partner and set up a beauty parade of UK primary lenders. The team then evaluated the responses and assisted in negotiating terms and conditions. We also assisted in the purchase of the first £7.5 million of property and drawdown on primary loan, as well as assisted in documentation of secondary loans.
- VAT savings: We saved this real estate client £350,000 on VAT by identifying and implementing reduced rate supplies relating to property services.
- Property investors: A group of UK individuals were looking to invest in UK markets. We advised them on the structure and implications of UK tax law and the UK Financial Services Act. We advised on initial documentation drafted by lawyers. We continue to look after all book-keeping, VAT and tax matters as well as preparing regular management accounts.
If you have a real estate business issue that you would like our Real Estate Group to advise you on please contact us.