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Jacob Gilkes

Partner

Portrait ofJacob Gilkes

Jacob Gilkes

Partner

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Jacob is a partner in the CMS tax team.  He has a broad practice covering a wide range direct and indirect tax issues.

Jacob has extensive experience in relation to real estate transactions, including advising clients on tax efficient structures for property investment and development, joint ventures, acquisitions and disposals and the establishment and operation of REITs and other investment funds. His advice ranges from simple transactions through to complex structures optimising clients' income/corporation tax, capital gains, stamp duty land tax and VAT positions.

Jacob also regularly advises on corporate transactions. He has particular expertise in relation to demergers and restructurings, where he provides UK and multinational groups with bespoke structuring advice to achieve their commercial aims tax efficiently.  

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"On indirect tax (VAT and SDLT) we work with Jacob Gilkes. We trust the advice that he provides as he is very thorough and always checks that he has understood the wider commercial position on which he is advising. He is proactive and assists us from the conceptual start of projects through to the detailed stages of completing the transaction and post completion finalisation of matters relating to VAT/SDLT to ensure that throughout the process we have followed the steps required to achieve the intended tax result. He provides very clear written tax steps and advice which set out complex tax matters in a clear, concise manner which can be understood by different levels in the organisation."

Legal 500 UK

"On indirect tax (VAT and SDLT) we work with Jacob Gilkes. We trust the advice that he provides as he is very thorough and always checks that he has understood the wider commercial position on which he is advising. He is proactive and assists us from the conceptual start of projects through to the detailed stages of completing the transaction and post completion finalisation of matters relating to VAT/SDLT to ensure that throughout the process we have followed the steps required to achieve the intended tax result. He provides very clear written tax steps and advice which set out complex tax matters in a clear, concise manner which can be understood by different levels in the organisation."

Legal 500 UK

Relevant experience

  • Capital & Regional Plc on the redevelopment of its Walthamstow shopping centre, including the structure for the acquisition of further land interests and the agreement to sell part of the site to a residential developer.
  • Life Science REIT Plc on its initial acquisitions, including three corporate acquisitions and one property acquisition, for an aggregate consideration of over £200m, together with the subsequent restructuring of the property ownership structure.
  • On the establishing of a £700m real estate fund, including in relation to the arrangements with the sovereign wealth fund with became the cornerstone investor
  • Leading the tax aspects of the acquisition by a sovereign wealth fund of a €750m pan-European property portfolio by way of the acquisition of SPV companies in Poland and Germany and properties in the UK, together with the related financing.
  • Galliford Try Plc, the listed UK construction and house building group, on the structuring of the demerger and subsequent sale for £1.1bn of its homes and partnerships divisions to Bovis plc (now Vistry plc).
  • Gamesys (now Anzo), a multinational online gambling and games content group, and its shareholders, on the structuring of the demerger and sale for £490m of its online gaming business to JPJ Group Plc (now Gamesys Group Plc).
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Memberships & Roles

  • Stamp taxes practitioners group
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Publications

  • 2021 - Tax issues on financing an inbound investment - LexisPSL.
  • 2015 - Getting the Deal Through: Tax on Inbound Investment - Lexology
  • 2014 - Inserting a holding company: EIS and stamp duty considerations - Tax Journal.
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Education

  • 2012 – LLM in Tax Law, Kings College, London
  • 2007 – LPC, Nottingham Law School, Nottingham
  • 2006 – LLB Hons Law with American Law, University of Nottingham, Nottingham
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Expertise

Feed

04/03/2021
Budget 2021: Key tax points
The Chancellor of the Exchequer delivered his Budget to Parliament on Wednesday 3 March 2021. His stated aims were to protect jobs and strengthen public finances so that as the UK emerges from the Covid-19...
Law-Now Tax
15/01/2018
CMS advises RDI REIT P.L.C. on £161m portfolio acquisition
Manchester, 15 January 2018. International law firm CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central...
News
15/07/2014
Olswang advises Capital & Regional on Mall Fund acquisition and related...
This article was produced by Olswang LLP, which joined CMS on 1 May 2017. International law firm Olswang has advised Capital & Regional, the Main Market listed specialist retail property company, on its...
News