In case of a hard Brexit, many technical changes need to be made to UK tax rules that currently interrelate with EU law. A mapping exercise has been completed to summarise the tax-related impacts of a hard Brexit on non-listed real estate.
UK property investment businesses with a European Union parent face the loss of favourable tax treatment in the event of a hard Brexit , according to an Inrev ( Investors in Non - Listed Real Estate Companies ) illustration . As a result of a no - deal Brexit , exemptions from withholding tax granted by both the Parent - Subsidiary and the Interest and Royalties directives would be removed , with the possibility of double - tax treaties replacing them . The agency asked businesses to examine whether their existing group base is subject to withholding taxes and said they might have to consider moving UK businesses to a new member state .