Real Estate Tax

The team advise on all aspects of real estate tax, whether you are a landlord, tenant, developer, purchaser, seller, promoter, or high net worth individual.

Our expertise includes:

• SDLT including assisting with the structuring of your transaction to ensure optimal SDLT efficiency.
• VAT including any need for an ‘option to tax’, advice on compulsory VAT standard rating of transactions, negotiating VAT provisions in contracts, considering disapplication provisions (such as developer finance / use by charities etc), advising on VAT recoverability, advising on issues around joint owners / partnerships.
• Capital Allowances together with the negotiation and drafting of contractual provisions on sale (such as a s198 election) or lease (such as an s183 election).
• Construction industry Scheme (which can require up to 30% consideration to be withheld from contracts which include an element of construction work).
• Advising high net worth individuals on acquisition structures
• Advising developers (or landowners) on tax structuring or the consequences of their existing structures, including corporate or partnership / JV structures and the use of LLPs.
• Advising landlords and tenants on their leases and possible tax risks / efficiencies.
• Advising public sector clients together with tax rules specific to certain public bodies (NHS COS rules for VAT recovery, the local authority “5% test” under s33 etc).