Summary and implications
It is difficult to keep abreast of all of the legal and regulatory issues which impact UK real estate investment. This table contains a round-up of the hot topics in the funds and real estate sector, including our practical comments for each.
Legal developments – Regulatory (UK & European)
- Alternative Investment Fund Managers Directive (AIFMD)
- Financial regulation reforms in the UK
- Restrictions on the retail distribution of UCIS and close substitutes
- Solvency II (and the review of the IORP Directive)
Legal developments – Regulatory (US)
- Jumpstart our Business Startups Act (JOBS Act)
- The Volcker Rule
- US commodity pool rules
- US Investment Advisers Act
Legal developments – Finance
- Basel III
- European Market Infrastructure Regulations (EMIR – OTC Derivatives)
- Shadow banking
- Slotting
Legal developments – Tax
- Financial transactions tax
- Foreign Account Tax Compliance Act (FATCA)
- General Anti-Abuse Rule (GAAR)
- High Value Residential Property (15% SDLT band, ATED, CGT extension)
- REITs investing in REITs
- SDLT transfer of rights
- Tax and procurement
Legal developments – Planning and development
- Community Infrastructure Levy (CIL)
- Growth and Infrastructure Act 2013
- Rights of light consultation paper
Legal developments – Energy
- CRC Energy Efficiency Scheme
- Energy Performance of Buildings (England and Wales) Regulations 2012
- Minimum EPC rating for domestic and non-domestic lettings
- The Green Deal and Eco Funding
- The Renewable Heat Premium Payment and Renewable Heat Incentive
Legal developments – Competition
- Competition law and land transactions
Legal developments – General/UK
- General Data Protection Regulation
- Lease Accounting Rules
To view the table, please click here.
This table appears in the July 2013 edition of the IPF's publication Investment Property Focus.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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