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Event Details

Build to rent part 3: the direct tax issues

£15.00 + VAT
Available
On Demand
All Locations
Construction & Real Estate
Feb
7
Tue
13:00
-
14:00 GMT
Schedule Type Title: Weekdays
Schedule Description: ICAEW's Construction and Real Estate Community is delighted to offer a webinar mini-series based on a build-to-rent project.
Sessions: 1
Session Hours: 1.00
Zoom Link: https://icaew.zoom.us/webinar/register/WN_iRfBl9duQ1KmbLFrZvjGxQ
Zoom
13:00 - 14:00 GMT
Description
ICAEW's Construction and Real Estate Community is delighted to offer a webinar mini-series based on a build-to-rent project.
Book here
  • Description
  • Speakers
 Date and time Location
Recorded on 07/02/2023  Zoom

Event Information

The latest research by the British Property Federation (BPF) of the country’s build-to-rent sector paints a picture of a sector that has gone from niche to increasingly mainstream with significant growth across the board. Analysis of the market up to Q3 2022 shows a yearly increase of 15% rise in the total number of build-to-rent properties either completed, under construction or in planning – to 240,000. While the seeds of the sector were sown in London, it has increasingly spread to towns and cities across the country, with regional numbers of local authorities 177 (47%) now having build-to-rent developments in the pipeline. This is an additional 37 local authorities in the last 12 months.

There are many direct tax issues that converge in respect of build to rent projects. Identifying these and dealing with them effectively can be complex, and whilst there are some exemptions in relation to some of the direct tax issues, great care is needed to navigate the rules and exemptions.

In this webinar, we will consider the key direct tax implications associated with build to rent projects at various stages; from structuring the project, through the development and operational phases, and eventual exit. As a result, our speakers look into issues such as Capital Allowances, relief and restrictions on funding costs, the Residential Property Developer Tax, the Transaction in Land rules, the Annual Tax on Enveloped Dwellings, and the direct tax issues for non-resident owners.

Key benefits

Part three will continue to look at the topic of a build-to rent-project, this time looking at direct tax topics. 

  • Hear from industry experts
  • Focused discussions on direct tax issues
  • Shedding light on emerging issues that can affect viability of projects

Part 1: the legal and valuation issues and part 2: the accounting and tax issues are available on demand.

Costs

RateCost
ICAEW MemberNo Charge
Non-Member£15.00 + VAT
Community Member - Construction & Real EstateNo Charge

ICAEW members and non-members are welcome to join.  This event is organised by the Construction & Real Estate Community. Please click here to join online.

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Disclaimer

The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.

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About the speakers


Alison Conley, Head of Retail & Consumer, Corporate and International Tax Partner, MHA MacIntyre Hudson
Alison has been a Tax Partner at MHA MacIntyre Hudson since 2016. After training with a big four firm of accountants, Alison specialised in international tax before being made a partner with BDO, going on to lead its Southern region tax team. She returned to the big four as a partner before becoming a director of a specialist tax and business advisory firm focussing on entrepreneurial clients. Over her career, Alison has advised corporate clients of all sizes across many business sectors, but she has particularly strong experience in the retail space. Alison has also been involved in multiple transactions and deals, where her focus is on ensuring that the tax strategy matches the needs of the company and its shareholders. Alison works closely with the corporate finance teams, and with international clients requiring cross-border tax advice.


Steve Tebbutt, Tax Director, MHA MacIntyre Hudson
Steve joined MHA MacIntyre Hudson in 2007 and became Tax Director in 2017. Steve is comfortable advising clients of all sizes on corporate and personal tax matters, with his main focus being owner managed businesses with whom he works to provide bespoke tax planning solutions. In particular, Steve’s expertise covers mergers & demergers, acquisitions & MBOs, exit & remuneration planning. Steve has clients in a number of industries but some of his largest clients are in the construction and real estate industry where he has developed great experience.


Ros Rowe, Subject Matter Expert, ICAEW Construction & Real Estate Community
Ros is a chartered accountant and a Non-Executive director of a housing association. Formerly a Tax Partner at PwC, she has advised construction companies on complex projects including regeneration (King’s Cross and London’s Docklands); PPP/PFI joint ventures for student accommodation and mixed-use developments. As an adviser to many Real Estate Investment Trusts, she worked closely with the government to increase the supply of housing for rent together with initiating a framework of tax incentives to regenerate brownfield sites.


Clive Curd, Director, Veritas Advisory

Clive specialises in property tax incentives and currently acts for property investors and corporate clients on all types of assets from a £100k doctors’ surgery to a £800m mixed use town centre development comprising a Hotel, BTR, and shopping centre. With over 25 years of experience, Clive has successfully claimed capital allowances on thousands of beds, student, care facilities, hotels and build to rent and has been involved with HMRC and the Valuation Office Agency on the definition of a dwelling specific to this sector and how this is applied. His extensive experience negotiating with HMRC and understanding claims and their scrutiny is key to maximising the benefit on behalf of clients. Clive is currently partnering with Brunel University with the help of government funding Innovate UK, to develop an AI and machine learning software that can be used to improve the efficiency of capital allowances claims, solving the problem of inconsistent and varied data sources used to analyse development costs. Clive is a Chartered Surveyor and participates in Charing interview panels for the Royal Institution of Chartered Surveyors Assessment of Professional Competence in taxation allowances. Outside the office Clive rows competitively.

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