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34 Results

Anne Powell
Insights
Mar 06, 2024

Spring Budget 2024

It has been a busy Budget for the real estate sector today, particularly for the residential sector.  The big announcement was the proposal to abolish SDLT’s multiple dwellings relief (“MDR”).  This…
Insights
Feb 29, 2024

Spring Budget 2024 – will we see material reform?

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…
Insights
Nov 22, 2023

Impact of the UK’s Autumn Statement 2023 on Real Estate

In contrast to recent years, when there has been plenty for real estate tax lawyers to feast on, this Autumn Statement was fairly quiet. 
Insights
Jul 25, 2023

REIT reform in the UK – further modernisation

The Government has announced a further series of proposed changes to the UK REIT rules as part of the wider review of the UK funds regime and published draft legislation. This third set of changes are…
Insights
Mar 15, 2023

Spring Budget 2023 – tax impact on the real estate sector

Underneath the headline points, the Budget contained a number of measures designed to fulfil the Chancellor’s objective of encouraging growth and investment.  There was broadly good news for those…
Insights
Feb 02, 2023

JPUTs may now need to be registered under the trust registration service

Some of the most commonly used trust structures in UK real estate ownership are Jersey Property Unit Trusts (JPUTs).  It has become clear recently, following confirmation from HMRC, and HMRC now…
Insights
Jan 05, 2023

Delay to Luxembourg-UK treaty changes until 2024 at the earliest

The changes to the Luxembourg-UK treaty will not be effective until 2024 at the earliest because Luxembourg did not ratify the treaty changes in 2022.  The delay was expected, as trailed in our…
Insights
Dec 30, 2022

Delay to Luxembourg-UK treaty changes – impact on UK real estate

Unexpectedly, it is likely the changes to the Luxembourg-UK double tax treaty will not be effective until 2024 at the earliest.  Where that is the case, some Luxembourg investors in UK property rich…
Insights
Oct 17, 2022

UK Mini-Budget in reverse – Tax impact on the real estate sector

In an attempt to calm the markets and ensure the UK’s economic stability the new Chancellor, Jeremy Hunt, gave a statement ahead of the scheduled Medium-Term Fiscal Plan on 31 October. He announced a…
Insights
Sep 23, 2022

Mini-Budget September 2022 – Tax impact on the real estate sector

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…
Insights
Jul 05, 2022

Sovereign investors likely to start paying UK tax – impact on UK real estate investment

The UK government is consulting on bringing overseas sovereign investors in UK real estate within the scope of UK direct tax from April 2024 as part of measures amending the scope of the sovereign…
Insights
Jun 08, 2022

Tax changes to Luxembourg structures investing in UK real estate

The UK and Luxembourg have renegotiated their double tax treaty.  The new treaty has been published, but is not yet in force.  Significant changes have been made to the capital gains tax article…
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