Industry leaders are predicting that property companies wanting to become
real estate investment trusts (REITS) will have to pay a conversion charge based
on how much capital gains tax they owe.
Details of the conversion charge, which could be a key issue in decided
whether or not companies take on the new tax-efficient legal status, will be
announced in next week’s Budget, the FT reported.
REITS are due to be available in the UK from January 2007.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory