Real Estate |
We have a large practice dedicated to all sectors of the real estate industry, with a network of individuals representing many years of practical experience across the UK and Europe. The team has a proven track record of helping our clients to structure VAT-efficient deals. This network also includes experts from other industry groups – for example, we work closely with our colleagues in the environmental taxes team in order to understand the impact of environmental taxes on construction projects.
Our services within the different areas of real estate include:
Property companies/REITs
We advise most of the large listed real estate property companies on a wide range of mostly transaction-oriented VAT issues. We also help to minimise VAT costs and avoid the common pitfalls, such as the option to tax disapplication rules.
House builders
We typically advise on complex site assembly issues, such as section 106, social housing and incentive schemes for buyers.
Real estate funds
Making use of our European real estate network, we assist with pan-European VAT obligations. We help funds to comply with local rules, register for VAT and manage cash flow. We also assist with managing fee flows and minimising VAT on deal costs.
PFI/ PPP
We assist the UK government and bidders in the VAT implications of PFI/ PPP projects, advising on financial modelling, VAT recovery issues, treatment of unitary charges, site assembly, and barter transactions.
Occupiers
We help with the VAT implications of operational property portfolio strategies, providing advice on sale and leasebacks, disposal of surplus properties, and outsourcing. We have a particular focus on improving VAT efficiencies for exempt occupiers.
Contact
Helen Devenney
020 7007 3713
hdevenney@deloitte.co.uk
