#AS2016 – Real Estate & Construction Update

Chancellor Philip Hammond MP delivered his first and last Autumn Statement on Wednesday 23rd November 2016.

E³ Consulting highlights the initial key Property & Construction aspects – as referenced from the Autumn Statement ‘Green Book’ 2016.

Many of the points highlighted below will be welcomed by businesses across the property and construction arena, not least the investment in improving UK productivity, connectivity, housing and infrastructure.

The confirmed changes to interest deductibility and loss restrictions will make capital allowances more important in mitigating the rising tax effect of these changes. ‘Plain vanilla’ tax planning through this discrete tax legislation will continue to yield valuable tax savings for all businesses investing in property – where careful and timely advice is sort to ‘untangle’ the complex capital allowances rules. Tax payers need to remain vigilant as to the impact of any ‘unintended consequences’ of the precise legislation.

If have any property tax issues please do get in touch for a no obligation discussion. You can phone the team on 0345 230 6450 or email healthcheck@e3consulting.co.uk

Please see our website or follow us on twitter to keep up to date with views and technical updates on property tax matters.

Our detailed review is available from the side panel.