Continuing our series on legal concepts aimed at those working in tax Suzanne Gill Partner and Caroline Chapman Trainee Solicitor of McGrigors cover the basic concepts of land law
This article outlines basic English land law concepts that tax practitioners should bear in mind when advising clients on the tax implications (if any) involving land. Many professionals would probably admit (albeit reluctantly) to not knowing what exactly constitutes land and therefore what arrangements are subject to the relevant taxation provisions.
So what is land?
The starting point is the Law of Property Act 1925 (LPA 1925) s 205(1)(ix) which defines land as 'land of any tenure and mines...
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Continuing our series on legal concepts aimed at those working in tax Suzanne Gill Partner and Caroline Chapman Trainee Solicitor of McGrigors cover the basic concepts of land law
This article outlines basic English land law concepts that tax practitioners should bear in mind when advising clients on the tax implications (if any) involving land. Many professionals would probably admit (albeit reluctantly) to not knowing what exactly constitutes land and therefore what arrangements are subject to the relevant taxation provisions.
So what is land?
The starting point is the Law of Property Act 1925 (LPA 1925) s 205(1)(ix) which defines land as 'land of any tenure and mines...
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:
