Ireland 
USA On 30 October, the new Labour Government delivered its first Budget since 2010. Labour’s election platform was built on boosting economic stability and growth, whilst keeping taxes as low as possible. The Budget needed to balance raising taxes and spending cuts, alongside promoting a growth economy. In this recording we explore the impact of this Budget on the real estate sector.
In addition, the United States has been heading toward a significant tax policy debate since 2017, when major tax reform legislation introduced several temporary policies set to expire in 2025. With the presidential election being a tight contest, and the possibility of a contested result, the future tax environment remains highly uncertain. Both of the top presidential candidates have published varying levels of detail about their tax plans, while other tax bills have become stale in congress during the past two years without enactment into law.
Businesses can evaluate future actions by having a clearer understanding of the potential tax changes and their effect on operations and investment strategies. Proactively assessing the opportunities, risks, and challenges may create transparency in an uncertain environment.
During this recording, we will:
UK
- Assess the key changes to tax legislation announced in the budget.
- Outline key impacts to the real estate sector and structure.
- Discuss our initial market observations.
US
- Review the outcome of the US elections and what this may signal for future economic and tax policy
- Discuss existing tax laws scheduled to expire in 2025 from sunsetting provisions of the 2017 Tax Cuts and Jobs Act
- Identify opportunities and strategic considerations amid the uncertain US tax landscape
Speakers
Robert Williams
Business tax
Robert is a Director in the Real Estate Tax team at Evelyn Partners. Robert previously spent over 8 years working in Real Estate Tax teams within the Big 4 and has specialised in advising domestic and overseas clients on Real Estate M&A and the tax services required by investors in connection with the acquisition of entities owning real estate, including tax due diligence, tax structuring, SPA advice and tax forecasting / modelling, as well as tax advisory issues and annual compliance obligations throughout the investment lifecycle.
Robert has experience with a number of types of investors including corporate groups, REITs and Private Equity, across a wide spread of real estate asset classes. Robert enjoys building a close relationship with his clients so he can fully understand and anticipate their needs. This, coupled with his experience renders Robert well placed to advise and support clients as they aspire to grow and develop their business.
Joe Johnson
Personal tax
Joe has over ten years of experience in advising international private clients and has helped some notable individuals and families navigate recent headline tax changes in the UK. This includes the changes to the taxation of non-UK domiciled individuals and non-resident trusts from April 2017 and the reform to the taxation of carried interest and returns from private equity funds from 2015 onwards.
He has advised a number of senior private equity executives, both whilst they remained affiliated with a particular house but also their own private offices following their retirement.
Matthew Dunscombe
Matthew is a Tax Manager in the Real Estate Group at CLA in the St. Louis office specializing in tax compliance, planning, and consulting for privately held businesses. Matthew’s accounting background has been in a wide range of industries, but the last 5 years has focused on the real estate industry. Matthew is a certified public accountant with 17 years in accounting experience, including 11 in public accounting.
