Isle of Man
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Case Studies

London Real Estate Investment

£60m central London redevelopment project

This was a joint venture involving an Asian Family office and an established London developer.

The developer has a strong track record for quality developments in central London and the South of England and this project presented an opportunity for the Hong Kong based family office to have tangible exposure to a significant central London investment.

The IQE Real Estate team worked closely with the Joint Venture Company and the client's legal and tax advisors to acquire an option to buy an existing commercial property. Despite high profile sitting tenants, the property provided the potential to seek and obtain change of use, planning permission for a new development, comprising commercial units on the ground floor, with luxury apartments and penthouses having panoramic views over London on a prestigious site that overlooks Lambeth Palace, the River Thames and the Houses of Parliament.

Both clients sought and received legal and tax advice which advocated the Isle of Man as the ideal jurisdiction to administer both a joint venture holding company and a subsidiary development company.

IQE, as an international fiduciary services Company, provide management and control of Isle of Man incorporated Companies. Advantages of using Isle of Man companies include:

  • Access to the UK-IOM Double Taxation Agreement which gives the Isle of Man taxing rights over the profits of an Isle of Man resident company.
  • 0% Isle of Man Corporate Tax.
  • Potential VAT advantages for developers.
  • No Capital Gains Tax.
  • No Inheritance Tax.
  • No Stamp Duty.

IQE worked closely with both clients and advisors to ensure the deal was completed against tight deadlines to acquire the option to purchase and conclude the transaction.

Isle of Man is widely acknowledged as an experienced jurisdiction for the real estate sector and IQE services include:

  • Provision of Professional Directors.
  • Appointment/liaison with  UK property developer to provide planning services to the subsidiary company.  
  • Appointment/liaison with an investment advisor.
  • Board of Directors meetings held regularly and frequently. 
  • Preparation regular reports and other financial information to the Board.
  • Approval of legal contracts.
  • Statutory company maintenance and company secretarial support.

We have the expertise to assist with multi-jurisdictional fiduciary services for international structures

As an independent Non-Executive Director of Ishaan Real Estate Plc I worked closely with IQE who provided Company Secretary and administration services. IQE hosted the board meetings, prepared minutes often on complex matters and were central to the communication between the international board members, lawyers, accountants and advisers. I found them to be reliable, approachable and pragmatic and IQE provided a professional and responsive service with extremely high standards appropriate for a company quoted on the London Stock Exchange’s AIM market. I would be happy to recommend their services. Stephen Vernon, Chairman, Green Property

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