Guernsey is often a preferred location for structures through which to invest into properties in the UK. For those Executive and Non Executive directors involved with Property investment vehicles investing in the UK, GIFA would like to extend an invitation to them to attend an NRL Tax Clinic with Presenters Richard Grimster and Jay Sanghrajka from CATAX.
Last year Catax launched a local presence here on Guernsey to assist a growing number of NRL vehicles to ensure that they are enjoying the maximum potential entitlement for UK commercial property owning NRL vehicles by identifying significant unused capital allowances locked within the original purchase value or refurbishment/construction expenditure since ownership. Catax have teamed up with Price Bailey to provide a health check for operators to deliver a level of comfort that they are fully compliant with NRL legislation. If any areas of concern are identified during the health check Price Bailey will propose a remedy with the objective of resolving the issue before the RTC window closes on 30th September this year.