Real Estate Tax

Our real estate tax team, which has been regularly ranked by both the Legal 500 and Chambers and Partners, frequently advises real estate clients operating in the following sectors:

  • Hotels and leisure
  • Retail
  • Restaurants and cafes
  • Shopping centres

We also have significant experience in advising clients on real estate matters in other sectors such as financial services, social housing, data management, healthcare and the charitable sector.

In particular, we offer expert tax advice in respect of each of the following taxes:

  • VAT
  • SDLT
  • Capital allowances
  • Construction Industry Scheme
  • Non-resident Landlord registration
  • Contaminated land tax relief
  • ATED

We act for a wide variety of real estate clients including investors, property funds and property developers. In doing so, we apply our tax expertise in manner that gives our clients clear, pragmatic and practical advice that helps them minimise their tax exposure whilst complying with the tax system in the UK.

Representative Real Estate Tax Work

Examples of our team’s real estate tax work include:

  • Advised on the implementation of a tax efficient corporate structure relating to the acquisition and ‘mixed use’ development of a major Brownfield site close to the London Olympic Park.
  • Advised a group of offshore sellers on a corporate real estate transaction involving the sale of a property holding company, encompassing a landmark London hotel, and the subsequent leaseback of that hotel to the seller’s operating company.
  • Advised a leading house builder on the tax aspects of joint venture projects with various registered social landlords on the development of ‘private/public’ residential schemes.
  • Advised a renowned English county cricket club on the tax issues relating to the building (including on the significant quasi equity finance element) of its stadium.
  • Advised a leading European bank on the tax implications of a debtor-backed restructuring of its UK real estate loan portfolio (which included enhanced debt/equity arrangements).
  • Advised a Luxembourg based fund on the tax aspects relating to the operation and establishment of a fund set up to buy £50 million worth of UK commercial real estate.

Testimonials

Chambers and Partners 2015 notes that Teacher Stern tax partner, Sarah Cardew, is “very well regarded and technically strong”.

Key contacts:

Photo of David Irwin

David Irwin

Partner Real Estate
Work 37 – 41 Bedford Row London WC1R 4JH United Kingdom Tel: +44 (0) 20 7611 2314

Biography

The Legal 500 - The Clients Guide to Law FirmsDavid joined Teacher Stern as a trainee in 1990 and is the Head of our Real Estate department. He has many years’ experience in dealing with all aspects of commercial and residential property, with particular expertise in structuring complex real estate acquisitions and sales, as well as development and property finance related matters. He also regularly acts on corporate real estate matters for his clients.

Representative Experience

David has:

  • Advised a private client in relation to the purchase of a £18m hotel in Central London.
  • Advised a Bank on a loan of £18m to a residential developer.
  • Advised clients on the £28m sale of an apart- hotel in London W2.
  • Advised clients on a series of purchases of student accommodation properties from UNITE.
  • Advised on the acquisition development and sale of a part residential part commercial development in London

Career History

Partner, Teacher Stern

Solicitor, Teacher Stern

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37 – 41 Bedford Row London WC1R 4JH United Kingdom