A property development company that seeks create a minimal exposure to tax
for investors is looking to raise £50m by listing on AIM.
The AIM-listed property company, called DevCap, will provide investors with
relief on inheritance tax and business asset taper relief on capital gains tax,
due to its structure.
After two years the company is expected to distribute a core dividend of 5%
with special dividends financed from profit on sales.
The minimum individual investment has been set at £40,000, although
institutional investors are also expected to invest in the company.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states