An Introduction to Tax for Property Lawyers

This course introduces delegates to the tax effects of acquiring, holding and disposing of property, covering income tax, corporation tax, capital gains tax, value added tax and stamp duty land tax. The course is set an introductory level and is primarily aimed at those involved in commercial real estate.

CONTENT

• Property business – trading or investment?
• Property expenditure – revenue or capital?
• Capital allowances on expenditure on buildings.
• Capital gains tax on disposals.
• Value added tax – exemption and the option to tax.
• VAT and transfer of a going concern.
• The VAT capital goods scheme.
• Stamp duty land tax charge.
• Anti-avoidance basics.

FOR WHOM

This course will be of benefit to qualified solicitors, paralegals, legal executives, trainees, and solicitors who specialize in other areas of law but who would like an overview of the tax issues which typically arise on real estate transactions.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.