The latest from the Channel Islands and UK Real Estate Tax team
Our seminar included a presentation from guest speakers Mathew Roach, David Bywater and Lisa Oakes, from our UK real estate tax team, who talked about the most recent updates on the changes to UK taxation relevant to offshore real estate structures, in particular, considerations relevant to institutional and private capital clients. We were also joined by Douglas Marvin, Director of our UK Valuations team. Doug talked through the actions required by Directors in order to meet the necessary valuations aspects as a result of the regulations.
Brian Bethell, Audit Director at KPMG in the Channel Islands, provided an update on current trends that we are seeing from year end results of funds and give a general overview of key areas that are relevant to the real estate sector. Specifically, he outlined our expectations with regards to disclosures and measurement in financial statements which are pertinent for Directors review of changes due to regulations and new standards.
The seminar was of particular interest to decision makers who sit on the boards of real estate companies and who are involved in the real estate sector. It was also a good opportunity to network with fellow industry professionals, as well as KPMG’s real estate leaders and tax professionals.