Real Estate, Travel & Tourism
Nearly all businesses have real estate – from the minimalist e-commerce start up to the largest multinational. All jurisdictions have complex property taxes with different rules applying, depending on who owns or occupies a building, how and for what. As a result, VAT can easily become an unexpected cost for those investing in and those occupying property. The RETT group is part of an integrated tax, accounting, corporate finance and consultancy team. We advise owners, investors, corporate and government occupiers on their property VAT issues. We provide savings, transaction and compliance advice, often reconciling VAT, corporate tax and commercial objectives, in areas such as leases, inducements, sale and leaseback transactions, disposals and acquisitions.
Travel and tourism is a growing and highly competitive market where even the slightest edge on pricing can make all the difference. Tax can often provide that margin. We advise many of the large hotel chains, tour operators, gaming companies, airlines, sports clubs and other leisure operators on a worldwide basis. We cover local VAT and similar taxes and the indirect tax issues that arise on crossborder charges that flow between international businesses.
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