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Real Estate bitesize series

This series of bitesize videos is your chance to hear from various members of the Real Estate team on need-to-know updates and topical issues in the sector. This series is available as both videos and podcasts

Real Estate Tax Changes - Autumn 2021

The last few months have seen several significant developments in relation to tax. Whilst perhaps the most headlines were generated by the OECD’s announcement that agreement has been reached on the introduction of important changes to global corporate tax rules, there have been several noteworthy developments from a domestic tax perspective, including the provision by the UK government of more details of the new tax on residential property developers and the new tax privileged regime for asset holding companies, both of which are due to come into force next April.

Travers Smith advises AJ Capital Partners on the acquisition of the historic Slieve Donard Hotel & Spa, Northern Ireland

Travers Smith LLP has advised American investment firm Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of the historic Slieve Donard Hotel Resort & Spa, which adjoins the world famous Royal County Down Golf Club.

A blizzard of regulatory reform: did you miss anything?

2021 has seen the UK Government and regulators engage in a blizzard of consultations and draft legislation, proposing reforms across a wide range of areas. The sheer volume makes it difficult for businesses to keep on top of changes that might affect them.

Freeport customs sites: promising opportunity or not worth getting excited about?

The UK Government argues that freeports will provide significant customs benefits for businesses - but not everyone agrees. In this briefing, part of a series on UK freeports, we look at the types of business that might benefit from freeport customs arrangements and whether the critics are right to be sceptical.

Travers Smith advises founders, Inflexion and other shareholders on the sale of Medivet to CVC Capital Partners VIII

Travers Smith LLP has advised an investment vehicle backed by the founders, longstanding client Inflexion and all other shareholders, on the sale of Medivet Group Holdings Limited ("Medivet") to CVC Capital Partners VIII.

Travers Smith advises Impact Healthcare REIT plc on its new debt facility with NatWest

Travers Smith LLP has advised Impact Healthcare REIT plc (Impact) on a new three-year £26 million revolving credit facility made available by National Westminster Bank plc (NatWest), with an accordion feature which could take the facility up to £50 million alongside the option of two one-year extensions. This new facility will help to ensure that Impact continues to be well capitalised and support its future growth plans.

Live facial recognition technology in the real estate sector

Facial recognition technology relies on the process of identifying or verifying a person's identity using their facial features. Software known as facial verification can be used to establish someone’s identity, for instance as a way to unlock electronic devices and to help with passport checks at airports.

The Building Safety Levy Consultation

This consultation is on the second "tax measure" announced by the Treasury ("HMT") in the March Budget – a new Gateway 2 Levy on high rise residential developments during the pre-construction stage. This is part of a package of measures intended to help pay for the remediation of certain buildings impacted by the cladding crisis, following the Grenfell Tower tragedy (the "Building Safety Levy").

Covid Rent Arrears – will the Government's latest proposals work?

On 16 June, the UK Government announced that the existing moratorium on landlords exercising forfeiture for non-payment of rents would be extended to March 2022. At the same time, they announced an extension to the end of September 2021 of the current restriction against the use of statutory demands and/or winding up petitions in respect of arrears of rent, unless those arrears were not as a result of the Covid-19 pandemic.

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