Corporation Tax Reform and Property

Some of the proposals contained within last year's corporation tax reform consultation document if they had been implemented would have had a substantial impact on property companies in particular property investment companies.

The August 2003 document shows that the Government has thankfully addressed some of the concerns of property companies particularly in relation to the possible taxation of unrealised gains. Nonetheless the latest proposals if implemented would still represent some fundamental changes to the way in which all property companies are taxed. This article...