Michael Ridsdale and Gemma Williams (Wedlake Bell) illustrate how to ensure certainty of tax treatment on the structuring of a residential property development.
There are many ways in which real estate can be developed into residential units for sale; one common scenario involves a developer approaching a landowner (with or without the involvement of a promoter) seeking a profit share in return for undertaking (and by doing so providing early-stage investment in relation to) the development. This can often be attractive for the landowner as they see such an arrangement as requiring little involvement from them – it can involve an upfront payment by the developer coupled with a form of overage/profit share. Situations where the developer does not purchase...
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Michael Ridsdale and Gemma Williams (Wedlake Bell) illustrate how to ensure certainty of tax treatment on the structuring of a residential property development.
There are many ways in which real estate can be developed into residential units for sale; one common scenario involves a developer approaching a landowner (with or without the involvement of a promoter) seeking a profit share in return for undertaking (and by doing so providing early-stage investment in relation to) the development. This can often be attractive for the landowner as they see such an arrangement as requiring little involvement from them – it can involve an upfront payment by the developer coupled with a form of overage/profit share. Situations where the developer does not purchase...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
