Property, tax and IHT planning under the new UK non-doms regime

Property, tax and IHT planning under the new UK...Lock icon

With changes to the UK non-domicile regime set to go live next month, Canada Life’s Neil Jones talks through what the reforms mean for property, taxation and IHT planning.

Harlequin boss David Ames charged with fraud

Harlequin boss David Ames charged with fraudLock icon

The UK's Serious Fraud Office (SFO) has charged David Ames, chairman of the failed Caribbean property group Harlequin, with three counts of fraud.

Published : 17, Feb 2017
Goldman Sachs AM defends global REITs

Goldman Sachs AM defends global REITs

The prospect of higher interest rates around the world is less likely to hit real estate investment trusts (REITs) over the long term than other, so called, bond proxies, said Goldman Sachs Asset Management's Hong Kong-based portfolio manager Frankie Lee.

Published : 23, Dec 2016
Harlequin Property wins $11.6m claim against former accountants

Harlequin Property wins $11.6m claim against former...Lock icon

Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme facing ruin, has won a $11.6m claim against its former accountancy firm Wilkins Kennedy.

Published : 13, Dec 2016
Appeal of real estate trusts for income set to fade

Appeal of real estate trusts for income set to...

Real estate investment trusts (Reits) may see total returns come off recent highs by the end of 2016, as energy infrastructure and dividend-paying stocks take the lead among equities that provide regular income, said Mark McAllister, senior portfolio manager at Clearbridge Investments, a Legg Mason affiliate.

Published : 24, Oct 2016
Harlequin Property enters insolvency to ‘protect investors’

Harlequin Property enters insolvency to ‘protect...Lock icon

Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme, has officially entered insolvency proceedings, a decision likely to result in hefty losses for thousands of investors.

Published : 6, Oct 2016
Canada Life ends fair value adjustment on UK property funds

Canada Life ends fair value adjustment on UK property...

Canada Life has removed the fair value adjustment on property values in its commercial property funds imposed at the start of the month when it lifted a suspension of redemptions.

Published : 30, Sep 2016
UK property freeze thaws but open-ended fund days numbered

UK property freeze thaws but open-ended fund days...Lock icon

Following suspensions of trading and value adjustments at most of the leading UK property funds in early July, September has seen the crisis abate to a large extent.

Published : 27, Sep 2016
SLI to reopen UK Real Estate Fund next month

SLI to reopen UK Real Estate Fund next month

Standard Life Investments has announced it will reopen the suspended UK Real Estate Fund and associated feeder fund from 12 noon on Monday, 17 October.

Published : 26, Sep 2016
Nedgroup rolls out global property Ucits fund

Nedgroup rolls out global property Ucits fund

South Africa's Nedgroup Investments has launched a global property fund, managed by Sydney-based real estate securities specialist Resolution Capital.

Published : 7, Sep 2016
UK to tighten IHT rules on non-dom offshore properties

UK to tighten IHT rules on non-dom offshore properties...Lock icon

The British government plans to extend its inheritance tax (IHT) rules to cover properties held by non-domiciled residents in an offshore entity.

Published : 22, Aug 2016
Chinese lead in $27bn outbound property investment

Chinese lead in $27bn outbound property investment...Lock icon

In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.

Published : 18, Aug 2016
Aviva says property trust will stay shut until 2017

Aviva says property trust will stay shut until...

Aviva Investors has advised that its property trust will stay closed to trading for another six to eight months.

Published : 10, Aug 2016
Aberdeen raises £115m for residential property fund

Aberdeen raises £115m for residential property...

Aberdeen Asset Management has raised £115m ($152.2m, €136m) of equity from UK pension funds to invest in the fast-growing UK private rented sector (PRS).

Published : 1, Aug 2016
Aberdeen has deeper problems than property outflows

Aberdeen has deeper problems than property outflows...

Aberdeen saw outflows of £1.5bn ($2bn, €1.8bn) from its property funds in the three months to June, but some analysts see this as merely a "sideshow" to deeper problems.

Published : 25, Jul 2016
Suspended UK property funds show model portfolio limitations

Suspended UK property funds show model portfolio...

The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David Coombs, Rathbones’ head of multi-asset investments.

Published : 22, Jul 2016
Aberdeen lowers dilution adjustment on UK Property

Aberdeen lowers dilution adjustment on UK Property...

Aberdeen has reduced the dilution adjustment on its UK Property Fund and its feeder unit on the back of slowing redemptions the firm said.

Published : 21, Jul 2016
L&G ups UK property fund valuation by 5%

L&G ups UK property fund valuation by 5%

The price of Legal & General’s UK Property Fund rose by 4.3% after repricing the charge it imposed on people who wanted to withdraw cash from the fund.

Published : 18, Jul 2016
AJ Bell relabels property funds in Sipps after suspensions

AJ Bell relabels property funds in Sipps after...

Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.

Published : 13, Jul 2016
Aberdeen lifts trading suspension on UK property fund

Aberdeen lifts trading suspension on UK property...

Aberdeen Asset Management has lifted the trading suspension on the Aberdeen UK Property Fund.

Published : 13, Jul 2016

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