Course Code: T923

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PROPERTY TAX FOR THE NON-TAX SPECIALIST
Monday, 29 September

This course provides an essential introduction to the taxes affecting real estate transactions (and corporate transactions where the underlying asset is land), focusing in particular on VAT, Stamp Duty Land Tax and Capital Allowances. 

The course will cover:
VAT Issues: buying and selling a property; landlord and tenant issues
• Basics of VAT
• Option to tax
• Transfer of going concern
• Zero-rating
• Disclosure

Stamp Duty Land Tax (SDLT) 
• Basics of SDLT
• Chargeable consideration
• Special rules for lease grants
• Notification
• SDLT Reliefs
• Anti-avoidance, including section 75A FA 2003

Capital Allowances
• Plant and machinery
• Industrial buildings
• Pitfalls and planning
• Small or medium sized businesses
• Contaminated land relief
• Update on the capital allowances regime following Finance Act 2008

Buying the Property or Company?
• Common tax issues
• Due diligence
• Groups

Latest Developments
• Pre-Budget Report 2007 and Budget 2008
• REITs
• Worked examples

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:
Robert Field, Partner, Corporate Tax, Lawrence Graham LLP
Andrew Jackson, Indirect Tax Director, Grant Thornton UK LLP
Jonathan Legg, AIIT, Solicitor, Corporate Tax, Lawrence Graham LLP
Malcolm Pengelly, Tax Principal, BDO Stoy Hayward LLP