The right time for a harmonised EU-UK fund vehicle

The tax world as we know it is going through (yet) another life cycle change. With governments having to review public spending measures, assessing where budget deficits can be plugged and the road to recovery planned, real estate no doubt can be seen as a major fiscal asset. Coupled with this, governments are more energised than before to clamp down on aggressive tax structures, challenging the concepts of substance and beneficial ownership and increasing the administrative burden for the taxpayer.