Charles Beer Head of Real Estate Tax at KPMG outlines the tax issues in the PBR affecting the property industry
The most important aspect of the Pre-Budget Report for the property industry was not a tax issue at all. The proposed changes to the planning system following the Barker Review will potentially represent the most substantial revision of the planning regime for many years. Depending on how effectively this is implemented it could create major opportunities for both commercial and residential developers in the coming years although some of the changes will undoubtedly be controversial.
On the tax front the related announcement was an update on the proposed planning gain supplement the future of which remains as uncertain as ever. Apart from this it was...
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Charles Beer Head of Real Estate Tax at KPMG outlines the tax issues in the PBR affecting the property industry
The most important aspect of the Pre-Budget Report for the property industry was not a tax issue at all. The proposed changes to the planning system following the Barker Review will potentially represent the most substantial revision of the planning regime for many years. Depending on how effectively this is implemented it could create major opportunities for both commercial and residential developers in the coming years although some of the changes will undoubtedly be controversial.
On the tax front the related announcement was an update on the proposed planning gain supplement the future of which remains as uncertain as ever. Apart from this it was...
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:
