Our team at Jackson Longe would like to thank all of our clients, colleagues and associates for their continued patience and resilience throughout the COVID-19 crisis. As of Monday 3rd August we hope to see some normality restored within the practice as the outside world also reverts to normality.We will once again be able toRead More
Stamp Duty Land Tax (SDLT) What is SDLT? Stamp Duty Land Tax (SDLT) is a land tax payable upon the acquisition on land/property in England and Northern Ireland. The types of land transactions that would typically trigger SDLT are as follows: Buying land and/or a building; and Taking on a new lease, or Renewing anRead More
Is the tide changing for offshore companies?! The HMRC recently successfully challenged the status of three Jersey based companies holding real estate.
Offshore companies are popular vehicles to mitigate tax liabilities by holding one’s assets outside the UK jurisdiction. Many businesses and family offices use a non-UK based company as the holding vehicle for their real estate portfolio in the UK so as to benefit from tax exemptions. For years, properties in the UK held in anRead More