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Table of contents
1. Introduction & Business Context (400words)
The analysis of current government proposals to tax non-UK domiciled individuals and companies how these proposals will affect sales value and rent prices in the UK, especially, in city of London.
The UK government has passed new legislation which came into effect April 2016. There is also new legislation proposed for April 2017. Through HM Revenue and Customs, the government has now introduced capital gains taxes on non-domiciled individuals and also off-shore companies.
The government also proposals to introduce inheritance tax on non-dom and off-shore companies as of April 2017. My research will cover the effects of the new tax legislation on the selling and rent prices in London in particular. I will analyse previous sales and rental data with current market data to compare and summarise the impact.
It should summarise everything you set out to achieve, provide a clear summary of the project’s background, relevance and main contributions, as well as the business context. The introduction should set the context for the project and should provide the reader with a summary of the key things to look out for in the remainder of the report.
When detailing the contributions it is helpful to provide pointers to the section(s) of the report that provide the relevant technical details. It is useful to state the main objectives of the project as part of the introduction. However, avoid the temptation to list low-level objectives one after another in the introduction.
2. Project Objectives (200 words)
1. Understanding of the business of the U.K property market.
2. Understanding of the UK government taxation and analysing how the taxation affects to the property market price.
3. Researching and analysing of the UK property market in particularly St John’s Wood area in city of London.
The objectives section of the report should set the project into context and give the proposed layout for achieving the project goals. The project objectives section can be included as part of the introduction but is usually better as a separate chapter. When referring to other pieces of work, cite the sources where they are referred to or used, rather than just listing them at the end.
3. Literature Review – relation to academic theory, models or frameworks. (1000words)
The analysis of current government proposals to tax non-UK domiciled individuals and companies how these proposals will affect sales value and rent prices in the UK, especially, in city of London.
The UK government has passed new legislation which came into effect April 2016. There is also new legislation proposed for April 2017. Through HM Revenue and Customs, the government has now introduced capital gains taxes on non-domiciled individuals and also off-shore companies.
The government also proposals to introduce inheritance tax on non-dom and off-shore companies as of April 2017. My research will cover the effects of the new tax legislation on the selling and rent prices in London in particular. I will analyse previous sales and rental data with current market data to compare and summarise the impact.
I am researching that how the U.K government legislates in terms of the offshore companies.
In London, more than, 36000 properties are owned by the companies which is anonymous companies, and the properties market is vulnerable to conceal corrupted money. It means that skyrocketing prices of the London property market are related with the purpose such as money laundering and tax evasion. Because of these reasons, the UK government prosecutes that only the companies which are registered in UK registry office could buy and sell their properties from April 2016, however, the government is not sure that whether this legislation will apply for existing 100,000 number of offshore companies or the offshore companies which will buy the properties after enactment the legislation.
This is an important part of your report in which you will look at current literature (books, journals, articles) related to your area of research. You must also look at academic theory learned prior to your work-placement option and models and frameworks employed in various areas of business management such as Finance, Marketing, Human Resources Management etc.
4. Methodology & Approach (1000words)
– Ontonolgy (Study of truth or reality) – Both objectivism and interpretivism
– Epistemology (Theores of getting the truth or study of evidence) – Realsim
– Axiology- Constructivism
Approaches – Inductive
Strategies – Case Study, Interview, Archival Research
– Remember to add the research onion to your methodology – you must follow each and every step on this as part of your methodology. Please read all information in the following link:
https://onion.derby.ac.uk/onion.pdf
Be warned that many projects fall down through poor methodology. Simply collecting data and documenting it is not enough to gain top marks. It is extremely important that you evaluate what you have done both in absolute terms and in comparison with existing theories and frameworks and you can provide clear information on the methodology used in your research for data analysis and collection. This might involve quantitative and qualitative data analysis and evaluation.
At some point you should also evaluate the strengths and weaknesses of what you have done. Avoid statements like “The project has been a complete success and we have solved all the problems associated with …! It is important to understand that there is no such thing as a perfect project. Even the very best pieces of work have their limitations and you are expected to provide a proper critical appraisal of what you have done and the methods used (e.g. secondary data analysis, focus groups, structured interviews etc.)
References you can use.
Theoretical Underpinning
(The Theory that you will draw on)
HMRC link for the new tax laws coming into effect in 2017
<https://www.gov.uk/government/publications/technical-briefing-on-foreign-domiciled-personsinheritance-tax-residential-property-changes>
HMRC- HM Revenue & Customs about new taxes. Sections 3.2 – 3.4
<https://www.gov.uk/government/consultations/reforms-to-the-taxation-of-non-domiciles/reforms-to-the-taxation-of-non-domiciles>
Land registry
<https://eservices.landregistry.gov.uk/www/wps/portal/!ut/p/b1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNjSxMDA1NjDwsjM3MDTxN3dyNDUNMjQ1MjPWDU_P0C7IdFQG9k5Tz/>
Land registry data on prices
<http://landregistry.data.gov.uk/app/hpi>
Property information websites
Zoopla, Right move , Local estate agents(Foxtons, Knight Frank, Savills and Winkworth) Newspapers (Independent, The guardian and the FT (financial times)
http://www.higgisons.com/news/business-news/archive/article/2016/April/significant-rise-in-buy-to-let-lending
http://www.higgisons.com/news/business-news/archive/article/2016/May/house-price-growth-slowed-during-april-reports-building-society
Building Wealth: From Rags to Riches Through Real Estate
Renting and Letting (Which? Essential Guides)
The Unofficial Guide to Real Estate Investing by Spencer Strauss
The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
