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23 Nov 2020 Tax and Finance

VAT Grouping - Establishment, eligibility and registration - Call for Evidence

What: Government is consulting on changes to the VAT grouping rules that could affect property businesses.

Our view: The compulsory VAT grouping proposals would be hugely disruptive for the sector, particularly build to rent and student accommodation.

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12 Nov 2020 Tax and Finance

Office for Tax Simplification review of CGT

What: The OTS are reviewing aspects of the capital gains tax rules which are complex or create distortions in behaviour.

Our view: There are a number of areas of the CGT rules which could benefit from simplification – and we highlighted the importance of taxing businesses as closely as possible to their real economic gains

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02 Nov 2020 Tax and Finance

Fundamental review of business rates

What: The Government is thinking about the future of business rates, including potential alternatives.

Our view: Neither a Capital Values Tax nor an Online Sales Tax will fix the issues with broken business rates. Government should review residential property tax to fund a rates reduction.

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29 Oct 2020 Planning

BPF Response to the Planning for the future consultation

We have submitted an extensive response to the government’s Planning for the Future consultation.

Our submission has been informed by extensive consultation with our membership with separate workshops considering the different pillars of the consultation document, a workshop with our network BPF Futures, six meetings with our regional members, a well-attended webinar and several other consultation events.

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21 Oct 2020

Independent Review of Administrative Law: BPF response to the Call for Evidence

The BPF has submitted a response to the Call for Evidence as part of the Independent Review of Administrative Law, commissioned by the government.

Our response covers ways in which judicial review can be improved within the real estate sphere and also how procedural improvements can be made of the Planning Court, established in 2014.

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16 Oct 2020 Building Safety

Fire safety consultation

What: This consultation covers how the Government is seeking to tighten up fire safety in existing buildings, through reform of the Fire Safety Order and implementation of some recommendations from the Grenfell Inquiry first stage.

Our view: There are a lot of sensible reforms suggested that we support. We highlight some concerns around means of communication and height thresholds used for roll out of some provisions.

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08 Oct 2020 Core Cities and Devolution | Covid-19

BPF Response to the BEIS Select Committee inquiry on ‘Levelling up: Local and regional structures’.

What: A consultation on levelling up local and regional government structures – in aid of post-pandemic economic growth

Our view: Local communities and local  leaders are best placed to plan for their populations and for economic growth

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06 Oct 2020 Planning

BPF response to the Changes to the Current Planning System Consultation

What: A consultation on planning – assessing housing need, accommodating First Homes and an affordable housing exemption for SMEs.

Our view: Housing numbers need to better reflect regional growth aspirations and First Homes in Build to Rent developments is not practical.

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21 Sep 2020 Tax and Finance

Business rates call for evidence – response to tranche 1

What: The first tranche of the Government’s Business Rates Review, including the multiplier, reliefs, empty rates, and the impact of capitalisation of rates into rents.

Our view: The business rates burden is too high and is not responding quickly enough to changes in market rents.

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17 Sep 2020 Tax and Finance

SDLT – surcharge on non-residents buying residential property - legislation

What: Draft legislation is set to introduce an SDLT surcharge on non-resident purchases buying residential property from April 2021.

Our view: These measures will hamper businesses that contribute to housing supply – such as build-to-rent providers and those developers that help fund their developments through off plan sales.

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29 Aug 2020 Tax and Finance

Hybrid and other mismatches

What: An HMRC consultation on the application and impact of the double deduction and acting together rules.

Our view: The rules could work better for fund structures – and in particular, exempt investors should be able to invest collectively without incurring additional tax cost.

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28 Aug 2020 Construction and Development | Tax and Finance

Construction Industry Scheme

What: An HMRC consultation on tackling abuse in the Construction Industry Scheme.

Our view: While it’s right HMRC tackles abuse, some of the proposals could have a detrimental impact on the construction industry.