In our continuing series on the lifecycle of a transaction, Richard Woolich (DLA Piper) examines the VAT implications of both buying property directly and acquiring the shares of a property-owning company.
Case study recap
Fundco a fund solely based in Luxembourg which holds property rental assets via local SPVs is looking to expand into the UK market for the first time and acquire a mixed-use investment in Leeds known as Property A. The acquisition could take the form of an asset purchase or the purchase of the property-owning Jersey incorporated but UK tax resident company (SPV) which owns Property A. Fundco has found out that the SPV has opted to tax and wishes to discuss what VAT issues it should take into account when deciding upon the structure and managing the investment going forward and what actions it should take to maximise VAT efficiency.
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In our continuing series on the lifecycle of a transaction, Richard Woolich (DLA Piper) examines the VAT implications of both buying property directly and acquiring the shares of a property-owning company.
Case study recap
Fundco a fund solely based in Luxembourg which holds property rental assets via local SPVs is looking to expand into the UK market for the first time and acquire a mixed-use investment in Leeds known as Property A. The acquisition could take the form of an asset purchase or the purchase of the property-owning Jersey incorporated but UK tax resident company (SPV) which owns Property A. Fundco has found out that the SPV has opted to tax and wishes to discuss what VAT issues it should take into account when deciding upon the structure and managing the investment going forward and what actions it should take to maximise VAT efficiency.
We...
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:
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