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TAX RELIEF AND PROPERTY FINANCE

TAX RELIEF AND PROPERTY FINANCE With property finance it is often a case of grabbing an opportunity as soon as it presents itself. Failure to consider the tax consequences beforehand may mean that it is not such a good deal after all. For example the interest may not qualify for tax relief, or may qualify tomorrow rather than today. If the money is raised overseas the UK Revenue and the lender may be pulling your arms in different directions over whether withholding tax should be deducted and insult will be added to injury if a loss is incurred on repaying the loan in a foreign currency and that loss is not allowed for tax. At the same time a number of new and innovative financing schemes are coming on to the market. Are these tax effective By explaining how the tax rides work and drawing attention to the various pitfalls, this paper illustrates that tax planning needs to be done before signing the finance agreement rather than be faced by a firefighting exercise afterwards. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Valuation Emerald Publishing

TAX RELIEF AND PROPERTY FINANCE

PARRYWINGFIELD, MAURICE
Journal of Valuation , Volume 5 (4): 11 – Apr 1, 1987
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0263-7480
DOI
10.1108/eb008018
Publisher site
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Abstract

With property finance it is often a case of grabbing an opportunity as soon as it presents itself. Failure to consider the tax consequences beforehand may mean that it is not such a good deal after all. For example the interest may not qualify for tax relief, or may qualify tomorrow rather than today. If the money is raised overseas the UK Revenue and the lender may be pulling your arms in different directions over whether withholding tax should be deducted and insult will be added to injury if a loss is incurred on repaying the loan in a foreign currency and that loss is not allowed for tax. At the same time a number of new and innovative financing schemes are coming on to the market. Are these tax effective By explaining how the tax rides work and drawing attention to the various pitfalls, this paper illustrates that tax planning needs to be done before signing the finance agreement rather than be faced by a firefighting exercise afterwards.

Journal

Journal of Valuation – Emerald Publishing

Published: Apr 1, 1987

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