Login

Industry urges govt to rethink real estate development finance bombshell

The UK property industry is calling on government to rethink legislation on tax relief for interest costs set to be introduced as part of the 2017 Finance Bill in March, as it will “disproportionately and unnecessarily” punish the sector and put at risk as much as £20bn of development financing in the market.
CoStar News
February 22, 2017 | 8:00 P.M.

Discussion on these measures began in late 2015 following recommendations made by the OECD aimed at clamping down on much publicised tax avoidance by certain global corporates. The latest round of consultation ends this Thursday and the new rules will apply from 1st April.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In