On the morning of Thursday 22 May 2014, EY will host their seminar “The Taxation of Investment in UK Real Estate”.  This free seminar will be held at the Sefton Hotel, Douglas, running from 08.30 to 13.30 (seminar to start at 09.15), with breakfast and buffet lunch included. 

With the availability of equity and debt funding for UK real estate projects on the increase post the 2008 credit-crunch, the seminar will look at the impact for the Island of issues such as HM Revenue & Custom’s diverging approach to commercial and residential property markets, the public and political focus on tax and tax avoidance and the gathering momentum behind the OECD’s base erosion and profit shifting agenda.

There will be opportunities to network and speak to a number of EY specialists throughout the day. Specialists include Marion Cane, Executive Director in EY’s Real Estate & International Tax Services and Craig Leslie, Head of UK Stamp Taxes and past Chairman of the Stamp Taxes Practitioners Group.  Direct and indirect UK tax issues will be discussed, in the context of the current real estate environment in the UK.

The conference will look at common issues for the Island’s investors and advisers, including managing offshore trading structures, effectively managing the tax residence risk and maximising capital allowances on real estate projects.  Transfer pricing specialists will be on hand to talk attendees through the arm's length principle and securing prospective clearances.  The conference will also look at managing VAT on real estate transactions and dealing with common pitfalls and unforeseen VAT costs.