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Property Briefing Summer 2019

28th July 2019

In this edition we look at the strategy for optimising quality office space, how technology is assisting businesses to monitor the use of their space and a VAT pitfall in sale and leaseback transactions. We also look at the forthcoming changes in the private sector regarding the tax position of consultants and other ‘off-payroll’ workers as well as those relating to UK residents selling UK property.

In March we held an enjoyable and successful seminar on ‘Maximising your greatest asset’ in conjunction with award winning office design and build experts, Peldon Rose, in which we discussed how property can maximise your human capital. I am delighted that Jitesh Patel, Chief Executive at Peldon Rose has contributed an article covering some of the issues to consider when deciding on your next office location.

Businesses sometimes face the dilemma of whether they need a bigger office, or if their existing space can be used
in a more productive way. Part of this conundrum can be solved by obtaining accurate space utilisation reports. I am pleased that Tony Booty, of Abintra Consulting, has written an article on how technology is helping corporations adapt to new ways of working. 

UK residents are facing a considerable acceleration on when they will have to pay the Capital Gains Tax on the disposal of UK residential property; just 30 days after 6 April 2020. Our Head of Tax, Katharine Arthur, discusses the implications of this change. 

The potential pitfalls of VAT and property transactions are well known. However, a recent European Court of Justice case may have (slightly) simplified matters; our Senior VAT Manager, Stephen Patey, explains the background and how it may benefit entities. 

Finally, the debate as to whether a worker is an employee or not has been going on for many years. With HMRC looking to bring in new legislation next year, to give them more ammunition as to when an individual should be treated as an employee for tax purposes, our Director of Employment Taxes, Nick Bustin, looks at how the employment taxes landscape is currently positioned.

I hope you enjoy reading this Briefing and if you have any thoughts, or questions, please feel free to contact the respective authors; their details can be found at the end of each article. Alternatively, please feel free to contact me or your usual haysmacintyre adviser.

Ian Daniels
Partner
T 020 7969 5502
idaniels@haysmacintyre.com

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