Real Estate Tax
Real estate transactions involve a myriad of taxation issues, whether those involved are owners, developers, tenants, banks or investors. These issues range from taxes on income or capital profits, to VAT and SDLT (stamp duty). In order to secure the maximum benefit from any property-related transaction getting the best advice at an early stage is vital.
We offer a wide-ranging service, advising on all taxation aspects of corporate and individual real estate transactions and general day-to-day tax issues arising from the management, acquisition and sale of real estate portfolios. We help identify real estate investment vehicles, offer broad experience in real estate restructurings and keep ahead by monitoring new and proposed laws, such as the establishment and operation of real estate investment trusts (known as "REITS").
In addition, the team has extensive experience in property finance and finance leasing transactions, as well as joint ventures and developments. Increases in stamp duty, together with a clampdown on stamp duty avoidance, have focused attention on this tax as a real cost in commercial transactions and we have particular expertise in advising on stamp duty generally and on its mitigation.
Tax advice is provided by members of our tax teams, which are recognised in the Chambers & Partners and Legal 500 directories as among the leaders in this field. The former commented that "Clients were quick to applaud this team of "City quality lawyers based in Bristol" with feedback highlighting technical and commercial strength in corporate matters, international transactions and property tax. Clients deemed the advice offered to be of a "consistently high standard".
We devote significant time to getting to know our clients so that we can proactively monitor and act on developments in taxation relevant to clients who invest in or occupy real estate.