Corporate Member Promotion – KPMG: Tax Changes affecting Outbound Real Estate Investments into US and UK
The US and UK governments have both recently announced significant changes to their tax systems that will impact foreign investments into their real estate markets. The US, in undertaking a major business tax reform, has enacted variety of policies that collectively will materially impact a foreign investors return on their real estate investments. In particular, this includes limitations on deductions related to interest expenses and net operating losses, as well as a US corporate tax headline rate reduction. Meanwhile, the UK has amended a few long standing policies (including abolishing the exemption from tax on capital gains with respect to UK real estate) which will have significant effects on the real estate structures traditionally used to invest into UK real estate and to increase the tax burden on overseas investors.
In this presentation, we will talk through the key changes as they affect overseas investors in real estate in both markets, and consider key actions that businesses should be taking to address the changes.
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