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As you can imagine, we see lots of different types of trust deeds here at GRA. Despite there being a variety of deeds around, there are some common provisions we like in all our clients' deeds of trust. One of these provisions relates to decision..

A labyrinth case, involving legal proceedings spanning a decade, has finally made its way through four courts. The ultimate judgement delivered by the Supreme Court is probably one of the most ground breaking decisions in respect of trusts and relationship property that this country has..

Whilst it has almost been six months since the new zero rating provisions for land transactions came into force, at GRA we are still seeing quirks and issues emerge as practitioners and property traders/investors come to grips with the new rules.  In today's article I..

One taxation risk facing those of you engaged in property dealing, development or building activity, is the risk associated with treatment of GST on purchase.  GST Basics To briefly summarise some basics, the purchase and sale of property as part of an ongoing activity of..

As accountants we are often asked, "What can we do to manage the exposure of our affairs to banks, as we increase our business or property borrowing?"There are lots of things you can do to reduce the effectiveness of bank securities and protect yourself from..

Readers will by now be well acquainted with the minimum standards under the Healthy Homes Regulations. Rather than discuss what landlords need to do to adhere to these standards, in this blog I want to address the debate as to the tax treatment of costs..

Draft legislation reflecting the Government's desire to reduce tax benefits in respect of mixed use assets has now been released. Mixed use assets are assets that are used for both private and business purposes with holiday homes being perhaps the best example of this. The..

On 5 December 2018, the Government released the first draft of legislation dealing with the proposed ring-fencing of tax losses from rental properties. First impression on reading the Bill is that it is extraordinarily complicated and leaves questions unanswered. Here is a quick summary of..

One of the largest value assets most people hold is their home.  Trusts are no exception to this. Frequently, the biggest asset a trust holds is the family home and bach the beneficiaries live in. Trustees have lots of legal duties they must satisfy and one..