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Author: Susan Perry

Brecher Bytes – UK Property – Government publishes more detail on proposed beneficial ownership register

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Almost a year ago the Government published a series of questions, consulting on proposals for a register showing who owns and controls overseas companies that own UK property. The aim is to tackle corruption, but this also affects privacy structures. The Government has now published its response to the input… Continue reading →

Government shines a spotlight on secret owners

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Susan Perry reviews plans to replicate PSC-style disclosure at the Land Registry. In line with the European Commission’s desire for increasing transparency on who really owns companies and trusts, the proposed Fifth Money Laundering Directive is likely to introduce further amendments to the existing regime, potentially including the reduction of… Continue reading →

Construction Industry Scheme – is this you?

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Susan Perry discusses the tax implications of payments to contractors and sub-contractors. Designed to stop the Government losing tax income due to the prevalence of cash-in-hand payments by construction businesses, the Construction Industry Scheme places a heavy administrative burden on contractors, or those deemed by the scheme to be contractors…. Continue reading →

Private Landlords v First-Time Buyers – is that the real battleground?

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The Summer Budget included restrictions on mortgage interest relief for owners of rental properties, limiting the relief to the basic rate of tax.  Under the current system individual landlords can deduct all of their costs, including mortgage interest, from their profits before paying tax.  George Osborne believes this gives such… Continue reading →