Corporation tax: If the investment in property is made via the purchase of shares in Brickowner Investments Limited, a UK limited company. The relevant shares are issued specifically to fund the acquisition of an interest in property investment.
Investments will be subject to Corporation tax, and Brickowner will pay this tax directly to the UK tax authorities.
Stamp Duty: There is no stamp duty payable on the subscription for the shares in Brickowner Investments Ltd or on redemption of the shares.
Personal tax (payable by investors): All investors should seek independent tax advice in relation to their personal tax position.
Any investments made via LLP funds managed by Brickowner IM Ltd will not be subject to corporation tax, although any underlying Ltd company SPVs may be liable. These details will be outlined in the Investment Memorandum.