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PBR: Property

Charles Beer, Head of Real Estate Tax at KPMG, outlines the tax issues in the PBR affecting the property industry

 
Charles Beer Head of Real Estate Tax at KPMG outlines the tax issues in the PBR affecting the property industry
 
The most important aspect of the Pre-Budget Report for the property industry was not a tax issue at all. The proposed changes to the planning system following the Barker Review will potentially represent the most substantial revision of the planning regime for many years. Depending on how effectively this is implemented it could create major opportunities for both commercial and residential developers in the coming years although some of the changes will undoubtedly be controversial.
 
On the tax front the related announcement was an update on...

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