Post Event Commentary for MIPIM UK

Le Marché International des Professionnels de l’Immobilier or MIPIM for short, is an international property event held in different locations around the world.

MIPIM UK is the largest property show for professionals in the UK, and was held on 19-21 October 2016 in Olympia, London. The event had over 4,000 participants, 120 exhibiting companies and held over 60 conferences.

Property developers, agents, lawyers, lenders and other professionals were amongst the attendees, they were all encouraged to network and attend the insightful conferences.

Abacus Trust Company, providing professional structuring and administration services to owners of UK property, joined the event as part of a collection of relevant professional parties with an opportunity of meeting in one location.

Business Development Manager, Stephen Colderwood attended the event on behalf of Abacus. Stephen said “Meeting with other professionals in a business friendly environment to discuss what opportunities were available was very useful indeed.

“Even though HMRC have introduced measures that reduce the tax benefits for wealthy individuals that are non-UK domiciled owners of UK property, there are still very good reasons for using an Isle of Man structure through Abacus to own the property. We understand the rules and reporting requirements given that we have been doing this for decades, and if there is an advantage to be gained we will take it, but more importantly we will ensure that no disadvantage is unwittingly stumbled on.”

Abacus has been providing UK property structuring since its inception 40 years ago, including; tailored property solutions, acquisition of property and land, cost effective administration, commercial property and VAT registration, foreign investment into UK property, tax services, bookkeeping and accountancy services.