Session 1: Taxation and Property/VAT 

Tuesday, 15 September: 14.00-15.30

  • Taxation of property and development:
    • The basics – how tax is levied – on income and gains throughout the property cycle
    • Taxes most frequently encountered by property owners and occupiers
    • The role of tax reliefs and allowances and the impact on cashflow and bottom-line performance
    • Trading and investing – the primary differences for tax and why they are important
    • The impact of tax on transactions
  • VAT and the basics for property:
    • When does it apply and when not?
    • Taxable v exempt supplies and the applicable rates
    • When is VAT a real cost and what opportunities to mitigate the impact exist?
    • The Domestic Reverse Charge and the impact on the construction supply chain

Session 2: Capital Allowances 

Tuesday, 22 September: 14.00-15.30

  • Capital Allowances on property development and ownership – cash benefits:
    • What is eligible and what rates apply
    • What expenditure qualifies for which types of property
    • How allowances can improve the profitability in refurbishments
    • Impacts of changes of ownership.  The importance of retaining data
  • Structures and Buildings Allowances:
    • How the relief works
    • Tracking qualifying expenditure
  • Plant and Machinery Allowances:
    • The pooling system
    • What qualifies
    • Identifying and preserving entitlements
  • Lease incentives – the impact on landlord and tenant
  • The benefits of early planning.  The problems of leaving things too late

Session 3: Land Remediation Relief/R&D Credits 

Tuesday, 29 September: 14.00-15.30

  • Land Remediation Relief and cash benefits:
    • Opportunities for developers and investors
    • Types of contamination and extent of remediation captured
    • Planning opportunities
    • What is recoverable – restrictions that apply
    • Brownfield regeneration – how overseas developers and investors now benefit
  • R&D from a construction perspective and the impact on the supply chain:
    • What counts as R&D?
    • Capital and operational spend – types of relief available
    • R&D tax credits – qualifying expenditure and restrictions
    • Examples of qualifying activities
    • Planning opportunities