Course Code: T890

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PROPERTY TAX FOR THE NON-TAX SPECIALIST
Friday, 28 September

This course provides an essential, general introduction to the taxes affecting real estate transactions, focusing in particular on VAT, Stamp Duty Land Tax and Capital Allowances.

The course will cover:
Landlord and Tenant
• Stamp Duty and Stamp Duty Land Tax
• Rent
• Premiums/reverse premiums
• Agreements for lease
• Surrenders/agreements for surrender
• VAT - Waiver of exemption
- Anti-avoidance
- Is the tenant providing finance?
- Landlord’s election
- Premises and fit-outs
• Service Charges – sinking funds

Structuring Purchases
• Direct tax aspects
• Stamp Duty and Stamp Duty Land Tax – including latest developments
• VAT - Disclosure requirements
- Waiver of exemption
- VAT registrations
- Transfers of going concerns
- Residential buildings
- Company versus property sales

Capital Allowances
• Plant and machinery
• Industrial buildings
• Pitfalls and planning
• Small or medium sized businesses
• Contaminated land relief

Latest Developments
• Planning Gain Supplement
• Disclosure Rules
• REITs

The course will be of particular benefit to all those involved in property development and investment, including solicitors, surveyors, agents and other advisers.

COURSE DIRECTORS:
Elizabeth Ashby, Solicitor, Corporate Tax, Lawrence Graham LLP
Robert Field, Partner, Corporate Tax, Lawrence Graham LLP
Jonathan Legg, AIIT, Solicitor, Corporate Tax, Lawrence Graham LLP
Malcolm Powell, Tax Director, BDO Stoy Hayward LLP?