INSIGHT
Charity groups and the Corporate Interest Restriction17 January 2019
We help our clients innovate to produce more with less. Both charities and the public sector face unique tax issues and we ensure you remain tax compliant and manage tax risks affecting your organisation.
Many tax reliefs are available but these come with conditions and sometimes clawbacks. VAT is often a cost for charities and corporate gift aid payments from non-charitable subsidiary members have become more complex over recent years. For many years we have guided charitable groups through the maze of tax reliefs and different structures, especially charitable housing providers undertaking new developments.
Our firm is a pioneer in land regeneration work and our public sector team has decades of experience in resolving the complex and often politicised challenges of large and complex urban redevelopment and town centre regeneration. Over recent years the tax team has helped our local authority clients innovate to increase the types of housing supply in their areas by incorporating local housing companies, joint venture LLPs or companies. We have helped get exciting regeneration projects up and running in these vehicles.
Large-scale regeneration demands market knowledge and an understanding of the wants and needs of all parties involved, along with the tenacity to see it all the way through. The tax implications of large regeneration schemes can alter during their life cycle. With our strength and depth of tax expertise we ensure clients manage tax risks and tax compliance burdens appropriately.
In brief