We act for a property investment fund manager, with some $800 million under management. The investor profile includes the UN pension fund, US pension funds and Scottish Amicable. As it is international, some of the funds are UK tax exempt and are, therefore, offshore. We deal with:
- tax returns for limited partnerships
- UK tax compliance matters for Jersey non-resident companies
- VAT advice on property acquisitions and disposals
- general tax advice, including residence, trading status, structuring of borrowings, general tax efficiency in the UK and overseas, and tax-efficient interactions between limited partnerships.
We act for a UK listed property investment and trading group concerned largely with UK commercial properties. Apart from compliance matters, our services include:
- advising on the tax-efficient structuring of proposed transactions, including property acquisitions, disposals and joint ventures
- advising on the group funding structure, advising on inter-group loans to maximise reliefs and minimise deferred tax
- monitoring the group tax position, reporting on both a group and individual company basis through regular meetings with the client's finance team.
Our services to an AIM listed property investment group differ. Apart from audit, we advise on financial strategy, produce financial statements and recommend best practice in terms of disclosure and corporate governance. We also deal with listing requirements, for example drafting class circulars and liaising with lawyers and nominated advisors. However, a key feature is assisting our client identify potential corporate acquisitions.
We have advised a UK property investor and developer who is proposing to undertake a joint venture with a US operation. Potential projects include a 2 million sq. ft. commercial development in China and potential acquisitions in France. Our advice is geared to tax-efficiency and the utilisation of low tax regimes.