Tax Considerations

This document sets out—at a high level—some key prompts and considerations that Towns may wish to consider in determining how they constitute themselves in projects or take certain actions, with a focus on potential tax implications. This document is purely informative and does not constitute advice.

The following taxes and issues are discussed:

1. Activities conducted within the local authority

2. Activities conducted by Special Purpose Vehicles (SPVs)

3. Stamp Duty Land Tax (SDLT)

4. VAT in SPVs and local authorities

The document is set out with some key information relating to these four topics and questions that Towns should ask themselves and / or specialists. This is not an exhaustive list of topics or queries Towns need to take into consideration from a tax perspective, and if you have further questions, you should consult your local tax and finance teams.