Archives: Taxation

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Draft Finance Bill 2012 Published – Confirmation of Proposed Changes to REIT Regime

As anticipated in our blog of 11 November 2011, last week HM Treasury published the draft Finance Bill 2012 containing proposed changes to the UK’s Real Estate Investment Trust (REIT) regime. Background REITs are tax-efficient property investment companies. They were first developed in the US but were introduced in the UK in 2007. Australia, France … Continue Reading

Informal consultation on REITs measures – Government feedback

On 13 October 2011, HM Treasury published its feedback on the informal consultation exercise proposed at Budget 2011 and carried out over the summer on potential changes to the Real Estate Investment Trust (“REIT”) regime. The proposed changes remove a number of barriers to entry to new REITs as well as promoting good business practice … Continue Reading

Non-domiciles – Potential tax-free investment in UK business

This post was written by Annette Beresford. Next year could bring some interesting changes for non-UK domiciled investors in UK business who pay tax in the UK on the remittance basis.  This is noteworthy for funds seeking to attract investment from non-domiciles with offshore income. The Government is consulting on a proposal to allow the tax-free … Continue Reading