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    C&R corporation tax

    Posted by Meltdown on 16/5/2018, 12:09:50




    Anyone know how this works - converting to an investment trust absolves you of any corporation tax.

    Ok I don't pay any UK tax, but then again I don't rake in millions from owning 7 shopping centres.



    The Group converted to a group REIT on 31 December 2014. As a result, the Group no longer pays UK corporation tax on the profits
    and gains from qualifying rental business in the UK provided it meets certain conditions.


    Glancing at their 2017 results, seems they pay very little tax overall.


    https://www.sharenet.co.za/v3/sens_display.php?tdate=20180308090000&seq=22&scode=CRP

      Re: C&R corporation tax

      Posted by Don Logan on 16/5/2018, 13:06:30, in reply to "C&R corporation tax"

      Good work Melters

        Re: C&R corporation tax

        Posted by Fatsy on 16/5/2018, 12:41:15, in reply to "C&R corporation tax"

        Wow....and i thought they were so concerned about the 2500 jobs in the Mall. Yet they have figured out a dodge to avoid contributing tax. Such a great company, concerned about the little people.....not.

          Re: C&R corporation tax

          Posted by nev the bear on 16/5/2018, 12:43:36, in reply to "Re: C&R corporation tax"

          only the paying of school fees or as us common folks say tax

          Re: C&R corporation tax

          Posted by Kenny Omega on 16/5/2018, 12:27:04, in reply to "C&R corporation tax"

          Great find and a potentially a very damaging piece PR wise for them

            Re: C&R corporation tax

            Posted by Ltfc39 on 16/5/2018, 12:23:18, in reply to "C&R corporation tax"

            Wow.

            So I turned over probably 0.1% of what C&R do yet I do pay CT!

            Unbelievable.

              Re: C&R corporation tax

              Posted by Desperate Dan on 16/5/2018, 12:17:55, in reply to "C&R corporation tax"

              BOOM! Good one!

                Re: C&R corporation tax

                Posted by Scathing hatter on 16/5/2018, 12:11:39, in reply to "C&R corporation tax"

                Publicise this as widely as possible. Get the public who don't yet know on our side.

                  Re: C&R corporation tax

                  Posted by Meltdown on 16/5/2018, 12:23:33, in reply to "Re: C&R corporation tax"


                  Looks like it's the usual tax swerve - avoidance rather than evasion. Seemingly after strong lobbying from the industry.

                  I think for future reference C&R should always be referred to as 'tax-dodging C&R'

                    Re: C&R corporation tax

                    Posted by crumpsall on 16/5/2018, 12:26:51, in reply to "Re: C&R corporation tax"

                    'tax-dodging, town-destroying C&R' has a ring to it!

                      Re: C&R corporation tax

                      Posted by Loot on 16/5/2018, 20:41:44, in reply to "Re: C&R corporation tax"

                      This is starting to look a lot like something that Private Eye might be interested in.

                      Re: C&R corporation tax

                      Posted by Scathing hatter on 16/5/2018, 12:26:42, in reply to "Re: C&R corporation tax"

                      Just get the message out that they give nothing back.

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