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Monthly Archives: December 2012

Calculating Turnover Rents

The most successful retailers now operate via multi-channel levels, aiming to create a seamless experience between on-line, mobile and in-store shopping. Retailers do not mind how you buy their products as long as you buy them! However, how does this change in our shopping habits affect the turnover reported by retailers for turnover rent calculations? […]

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The Supreme Court In Rubin Vs Eurofinance And New Cap Vs Grant

The Supreme Court recently overturned the potentially ground-breaking Court of Appeal decisions in Rubin & Anor -v- Euro Finance SA and New Cap Reinsurance Corp -v- Grant & ors relating to the application of common law jurisdiction rules about the enforceability here of foreign judgments in insolvency proceedings. This complex and detailed judgment has been analysed […]

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Transfers Of A Going Concern And VAT: An Update

HMRC now accepts that a transaction can be a transfer of a going concern (‘TOGC’) for VAT purposes even if a small reversionary interest is retained by the transferor of a property rental or property development business.  This shift in HMRC’s viewpoint has been inspired by the recent decision of the Tax Tribunal in the […]

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Residential Property Tax Update: Autumn Statement 2012

The Chancellor made his Autumn Statement on Wednesday 5 December 2012, but as is so often the case the real interest lies in what has not yet been made public. The legislation to implement changes announced in the Autumn Statement and in the Budget earlier this year is due to be published next week. In […]

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