The owners of Lakeside retail park and The Arndale in Manchester are
splitting the company into two: with major implications for its board members.
International will split into a property investment real estate
investment trust (REIT) known as Capital Shopping Centres Group, the shopping
centre business, while Capital & Counties will be a Londonestate and
Current Liberty FD Ian Durant will become chairman of Capital &
Counties. He will step down from his role as FD of Capital Shopping Centres
after a transitionary period. Soumen Das will serve as FD of Capital &
Both companies will list on the stock exchange.
A REIT is a tax efficient structure for property investment companies.
Its share price fell this morning by nearly 3%, to 492p.
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