Insights: Neal Todd

On 9 December 2020 The Wealth Tax Commission published its final report, strongly endorsing a one-off wealth tax as a means to raise substantial revenue for the Exchequer. No doubt in these times of economic strain, a one-off wealth tax would be a source of revenue for the Government. The report suggests that a one-off […]

On 11 November, the Office of Tax Simplification (OTS) published the first part of its report into simplifying the design of Capital Gains Tax (CGT). Rather than simplify the operation of CGT, many of the recommendations in the report seek to radically overhaul CGT and provide a potentially significant source of tax revenue for the […]

Fladgate has advised Hardwicke Chambers on the letting of the newly redeveloped One Gray’s Inn, WC1.  The deal involved the letting of the entire 21,000sq ft office element by The Honourable Society of Gray’s Inn to Hardwicke Chambers. The newly redeveloped Grade A office space which reached practical completion in June 2020 comprised new façades […]

HMRC confirms change to VAT position when terminating an outsourcing or supply agreement for convenience Termination for convenience Outsourcing and other long-term supply agreements often contain termination for convenience provisions. These allow customers the option of exiting before the expiry of the full contractual term which is often 3 to 5 years and sometimes longer. […]

Fladgate LLP has advised Zouk Capital, the manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), on CIIF’s joint venture with multinational telecommunications company Liberty Global (to be called Liberty Charge) which will roll out on-street residential electric vehicle charging points in the UK. CIIF is the dedicated fund established by the UK Government […]

The General Election takes place this Thursday. With small and medium sized businesses making up the backbone of the UK economy there has been significant interest in the parties’ approach to the treatment of tax and private corporations. The latest polls show the Conservatives and Labour as the two dominant parties so we have considered […]

Thursday 12 December will see the British public travel to polling stations to cast their vote for the next general election. Tax partner Neal Todd and tax associate Gemma Grunewald outline each of the leading parties’ key tax proposals detailed in their respective manifestos. To view the tax summary, please click here. For more information, […]

The extension of capital gains tax to non-resident investors in UK real estate has made life more complicated for fund managers. Until the recent changes – which came into effect on 6 April 2019 – the optimum way to structure inward investment was pretty straightforward. Unless the fund was to set up as a REIT […]

Opco/Propco structures have long been popular in the hotel sector. IHG, Accor and Hilton are just a few of the big names who have split Propcos from Opcos. Many smaller groups have also found it to be an attractive model. There are, of course, commercial reasons why many hotel owners have put these structures in […]

On 17 January 2019 the UK and Israel signed a new protocol to the UK/Israel Double Tax Treaty (Protocol) which provides for a reduction of Israeli tax on dividends and interest, and no Israeli tax on royalties.

Fladgate is delighted that the following partners are featured in the latest edition of Chambers Global – The World’s leading Lawyers for Business. Individuals are ranked after extensive research by the Chambers team with opinions sought from clients, peers, referees and competitors. Germany Dispute Resolution (Foreign expert for Germany) Alexander Wildschütz Alexander Wildschütz of Fladgate […]

Radical changes to the taxation of UK real estate were announced in the autumn Budget. Investment into UK real estate has long had a privileged status, especially for investors based overseas. But over the last few years those tax privileges have been whittled away. Two years ago the UK extended Capital Gains Tax to individuals […]