Peter Beckett of KPMG's Real Estate Tax Advisory Group considers the impact of the Corporation Tax Reform Document on property companies
Some of the proposals contained within last year's corporation tax reform consultation document if they had been implemented would have had a substantial impact on property companies in particular property investment companies.
The August 2003 document shows that the Government has thankfully addressed some of the concerns of property companies particularly in relation to the possible taxation of unrealised gains. Nonetheless the latest proposals if implemented would still represent some fundamental changes to the way in which all property companies are taxed. This article looks at some of the key issues for property companies arising out of the reform document. It does not cover the...
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Peter Beckett of KPMG's Real Estate Tax Advisory Group considers the impact of the Corporation Tax Reform Document on property companies
Some of the proposals contained within last year's corporation tax reform consultation document if they had been implemented would have had a substantial impact on property companies in particular property investment companies.
The August 2003 document shows that the Government has thankfully addressed some of the concerns of property companies particularly in relation to the possible taxation of unrealised gains. Nonetheless the latest proposals if implemented would still represent some fundamental changes to the way in which all property companies are taxed. This article looks at some of the key issues for property companies arising out of the reform document. It does not cover the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
