Paul Sutton

Solicitor, L C N Legal

Paul Sutton is the founder of LCN Legal, a law firm which specialises in corporate and property investment structures. He was previously a corporate partner in the London offices of Pinsent Masons and McGrigors, and was a director in KPMG’s UK law firm.

Paul has contributed articles to various other publications, such as Financial Director Magazine, PLC Magazine, Practical European Tax Strategies, International Accountant, Tax Journal, Estates Review and Butterworths Journal of International Banking & Financial Law. He has presented training sessions to major accounting firms, multinational corporates, banks and owner-managed businesses on a range of corporate law issues.

Contributed to

1

Legal issues on buying the shares in a UK property-owning SPV

Practice notes

Buying the shares in a property SPV (Special Purpose Vehicle) can appear to be attractive because of the possible savings in transaction taxes, notably Stamp Duty Land Tax. It may also be an appropriate approach when dealing with the purchase of a portfolio of properties. This Practice Note outlines some of the key legal differences between property SPV transactions and direct property purchases. It also sets out some practical issues, which practitioners should be aware of when advising on a transaction of this nature.

Property