22 May 2020
Find out what tax considerations real estate companies or groups need to consider in the current coronavirus situation regarding travel restrictions.
17 April 2020
The move to the corporation tax regime for non-resident companies letting out UK real estate, will have a significant impact on the way they calculate their taxable rental profits, compliance processes and the timing of when tax payments will become due.
11 March 2020
There has been announcements in the 2020 Budget that will impact the real estate and construction sectors. This includes moves to restrict brought forward capital losses and to streamline non-UK resident companies move to corporation tax.
Irfan has over 15 years' experience in taxation of pan-European real estate funds, infrastructure funds and debt funds and structuring and restructuring of inbound, outbound and pan-European investments in real estate and distressed debt portfolios. He also holds a qualification in Islamic finance and have been part of the HMT/HMRC Islamic finance working group to advise on the changes to the UK taxation rules.
08 August 2019
The Government has issued a consultation paper on their proposals to charge an extra 1 per cent stamp duty land tax (SDLT) for non-resident purchasers of residential property. Find out how this could affect you.
23 July 2019
Now that non-resident companies are subject to UK corporation tax on their capital gains, HMRC have published guidelines on how to register for corporation tax. Find out when to register and what may be expected.
05 July 2019
As of June 2019, the Government introduced a draft statutory instrument for the Structures and Buildings Allowance (SBA). The SBA is intended to encourage investment in the construction of new structures and buildings for commercial use.
29 October 2018
A number of changes in the budget will impact on the property sector. The restriction on the use of brought forward capital losses against gains could increase tax exposure on disposals by companies. Extending the holding period for entrepreneurs’ relief to two years will impact on some individuals disposing of their trading companies. A number of capital allowance changes were announced which will impact on property investors.
14 September 2018
The Government published draft clauses for Finance Bill 2018-19 on 6 July 2018. The published material included draft legislation relating to the taxation of capital gains on property; notably a change to the reporting and payment on account obligations for UK resident individuals and trustees with residential property gains. The changes will take effect for disposals on or after 6 April 2020, in line with announcements made at Budget 2017.