Jonathan Legg

Partner, Real Estate Taxation

Jonathan Legg

Jonathan has experience of all areas of corporate tax, with an emphasis on property investment, development, finance and funds work. He acts for a variety of institutional clients, investors, developers, local authorities and charities, advising on both direct and indirect taxes (including Stamp Duty Land Tax and VAT).

Recent posts by Jonathan Legg

  • Tax issues facing those investing in residential property

    I recently spoke to an audience of property professionals at the annual Residential Funding Conference at the Cavendish Conference Centre in central London, run by LD events.  I discussed the key tax issues facing those currently investing in residential property, whether as landlords or developers. One of the main problems I outlined is that the… Read more »

  • Transfers of going concern: HMRC accepts widening of rules

    The Robinson case in 2012 forced HMRC to change its rather intransigent position regarding whether grants of leases could be transfers of going concerns (TOGCs).  Up to that point, HMRC had always argued that whilst the sale of a freehold or lease with the benefit of an occupational tenant could be a TOGC (so that no VAT… Read more »

  • From zero to hero

    As the number of office to residential conversions gathers pace, developers must stop to consider the VAT issues arising on such a conversion. The concept of zero-rating is the holy grail in VAT circles: it means that the supplier is not obliged to charge VAT but is entitled to recover its associated VAT costs. While the scope… Read more »

  • Home Supertaxed Home

    The slightly clunky sounding Annual Residential Property Tax has been introduced for companies and Capital Gains Tax (CGT)