TOFA for the Property Sector

After much delay, the regime for taxing financial arrangements (‘TOFA’) now seems likely to be passed early this year.  TOFA can affect both the investments made in the property sector and the financing of those investments, but just how – and how much – activity in the property sector will be affected is neither obvious nor straightforward.  This Tax Brief examines some of the issues that the TOFA regime will present for the property industry.  For our full Tax Brief - click here