资本补贴:它们能降低贷款风险吗?

Tony Llewellyn
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引用次数: 0

摘要

大多数房地产估值忽略了税务问题,这是估值指南所指示的。本文重点介绍了资本免税额产生的税收减免在某些物业中节省的现金,以及它们如何影响投资回报。随着英国商业地产市场投资的驱动力从资本增长转向收入增长,税后地位变得更加重要。因此,本文提出了在不断变化的市场中重新审视贷款与价值比率时,超越“红皮书”估值的案例。版权所有©2004 Henry Stewart Publications
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Capital allowances: do they reduce lending risk?

Most property valuations ignore tax issues as instructed to do so by the valuation guidelines. This paper highlights the cash savings that are available in some properties from the tax relief generated from capital allowances, and how they affect the return on investment. As the driver for investment in the commercial property market in the UK is shifting from capital growth to income, the post-tax position becomes more important. This paper therefore makes a case for looking beyond the ‘Red Book’ valuation when re-examining loan to value ratios in a changing market. Copyright © 2004 Henry Stewart Publications

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