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| Carbon Trust Loans - More for Less |
From 12 April 2010, the Carbon Trust has reduced the maximum loan they offer to businesses investing in energy saving projects to £100,000. The previous cap was raised to £500,000 in February of this year, but the success of the scheme coupled with a finite pot of money has brought about this reduction.
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| What now for Capital Allowances? |
Now that David Cameron and Nick Clegg have found enough common ground to form a Government, one thing we can be certain about is that public money needs to be found from somewhere to reduce the UK’s massive debts. The Conservatives would prefer the emphasis to be on a reduction in Government spending, whilst the Liberal Democrats believe that a fairer system of taxation is the answer.
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| Know your REIT's - Profit Distributions |
David Vogel FCA has recently joined the Banking Tax and Finance team, advising major UK and overseas clients. David is a senior Chartered Accountant and a well known and respected figure in the property world. In this second part of a three part series covering the treatment of REITs, David explains how different classes of shareholders are taxed on the receipt of property income distributions.
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| Grants Newsletter - May 2010 |
Large capital funding grants remain scarce and as we pass from the end of the 2009/10 tax year into the next, some of the better known programmes have drawn to a close, with other opportunities and funding programmes taking their place.
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| Pre-Contract Negotiations for Capital Allowances |
The value of Capital Allowances to either party to a property transaction will depend on various factors, but the bottom line is that Capital Allowances save tax and therefore, have value. This article touches on some of the practical implications of badly worded contract clauses dealing with Capital Allowances and the relevance of the pre-contract documentation that may exist in some common situations that we have encountered.
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| Hotel Developments - Are Your Margins Sustainable? |
There are currently a number of pressures on hotel developers and operators, even without the problems caused by Icelandic ash! The recession has put additional pressures on room rates, as corporate customers and holidaymakers seek to save costs. To make matters worse, hotel running costs and new development and refurbishment costs are on the rise.
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| Energy Efficiency, ECAs and Tax Reliefs - 10 Point Plan |
Historically many property developers, investors and occupiers have ignored the subject of energy efficiency within their commercial properties, but with increasing raw fuel prices and financial penalties for bad behaviours, there is a much greater emphasis placed on the environmental impact of how we all carry out our day to day business. To encourage a change in attitude continual changes are being made to the Capital Allowances regime in favour of energy efficient equipment. This article considers some of the key areas to be considered when embarking on any project.
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| Another Budget, Another Rise in Landfill Tax |
The recent budget was a relatively quiet one for property and construction. For brownfield development specifically it was very quiet, particularly when compared to last year, which saw the first revisions of Land Remediation Relief (LRR). Predictably, LRR remains unchanged as companies get to grips with the new rules and the effects of those changes start to emerge. This article reports on the Budget 2010’s comments in respect of landfill tax and recommends ways to practice more commercially focussed remediation.
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| Islamic Finance and Capital Allowances |
Under the heading of ‘Islamic finance’ are many different types of arrangements (also known as Shariah compliant structures), which allow borrowing from a financial institution without the payment of interest on the loan. Such arrangements are becoming increasingly popular with non-Muslims, in order to make funds accessible to Islamic investors. Shariah structures can also be used to facilitate stamp duty land tax saving schemes for property acquisitions.
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