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Nick Burt

Nick Burt

Partner

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

Nick is a Partner in our Tax team with experience in advising on all aspects of tax planning and structuring for corporate clients in relation to mergers and acquisitions, reorganisations and joint ventures.

Nick advises property clients in respect of the tax efficient acquisition, development, investment and disposal of property. Nick also advises in relation to the establishment and operation of investment funds and joint venture arrangements, particularly in respect of UK and European property. Nick's advice ranges from simple structures through to complex structures optimising clients' income, capital gains, stamp duty land tax and VAT provisions.

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"makes deals happen"

Legal 500, Corporate Tax

"Wins plaudits for his "clear and focussed advice"

Legal 500, VAT and Indirect Tax

Relevant experience

  • Cicerone Fund – advising on the £92m indirect acquisition and reorganisation of 203-206 Piccadilly.
  • Portman Estates – advising on the £400m multi-use redevelopment of Marble Arch Tower.
  • Knight Frank – advising on the establishment of the KFIM Long Income Property Unit Trust.
  • Dolphin Square – advising on the establishment of the innovative Westminster Home Ownership Accelerator Scheme to promote home ownership.
  • Argent – advising on the £164m sale of One St Peter's Square together with their JV partner the Greater Manchester Property Venture Fund.
  • Aviva – advising on the Quercus healthcare portfolio sale to Lone Star.
  • Tishman Speyer – advising on the establishment of TSEV VII, a pan-European property fund.
  • Roxspring – advising on a joint venture with AG and PGGM to acquire 23 German retail parks with a portfolio value of €350m.
  • LaSalle – advising on the establishment of the £170m East India Dock Club.
  • Hermes – advising on the £800m joint venture with the Co-op for the redevelopment of North Manchester.
  • Kumpulan Wang Persaraan – advising on the £180m joint venture with Intu in the Intu Uxbridge shopping centre.
  • Cordea Savills – advising on the establishment of a residential retail development fund.
  • UK Coal – advising on the separation of the business into mining and property divisions, and subsequent restructuring when an industrial accident threatened the business.
  • McArthur Glen Group – advising on a €453m joint venture with Simon Property Group, including sales of outlet centres in the UK, the Netherlands, Germany, Austria and Italy.
  • Ivanhoe Cambridge – advising on the £190m sale of the St Enoch Shopping Centre and the £207m sale of 151 Buckingham Palace Road, both through offshore holding structures.
  • Telecom Plus PLC – advising on the £218m acquisition of two energy supply holding companies from Npower.
  • AM Alpha – acting on the initial purchase and subsequent £68.7m sale of Fleet Place House.
  • Healthcare REIT – advising on the £135m acquisition of Willowbrook Healthcare Limited, holding a portfolio of residential care homes.
  • Queensgate Investment Fund – advising on a $450m joint venture with AEG for the development of the mixed-use luxury hotel and residential apartment block Peninsula Tower, on the O2 peninsula.
  • Hanwha Life Insurance – acting on the £143m acquisition of 1 Wood Street through an offshore holding structure.
  • The Junction – acting for investors (including Hermes, Aviva, AREA Property Partners and Capital & Regional) in relation to the £259.5m disposal of the fund and underlying sub-fund holding structures.
  • Healthcare REIT – advising on the £154m acquisition of the Sunrise Senior Living residential care homes, as part of a wider corporate transaction.
  • Aviva – advising on the establishment of the REaLM series of inflation-linked funds, focusing on social housing, ground rents, commercial and infrastructure assets.
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Education

  • 1998 – LLB, Victoria University, Wellington
  • 1998 – BCA, Victoria University, Wellington
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Memberships

  • Tax Committee, British Property Federation
  • Tax Committee, Association of Real Estate Funds
  • Tax Committee, Quote Companies Alliance
  • International Fiscal Association
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Feed

Show only
17 April 2020
Real Es­tate Tax Up­date - Budget and Fin­ance Bill 2020
The clear fo­cus in Rishi Sunak’s first Budget as Chan­cel­lor was on Cov­id-19 and im­ple­ment­ing meas­ures to help re­duce its eco­nom­ic im­pact. However, a “land­mark” na­tion­al in­fra­struc­ture strategy was...
31 May 2019
Stamp Duty Land Tax (“SDLT”): anti-avoid­ance rule may ap­ply in ab­sence...
A re­cent Eng­lish court de­cision sug­gests that the SDLT gen­er­al anti-avoid­ance rule (Sec­tion 75A Fin­ance Act 2003) may be of wider ap­plic­a­tion than pre­vi­ously thought, and sig­ni­fic­antly wider than in­dic­ated...
02 October 2018
CMS - Fo­cus­ing on Funds – Changes for over­seas own­ers of UK real es­tate
This Fo­cus­ing on Funds looks at three pro­posed changes for over­seas own­ers of UK real es­tate in­clud­ing hold­ing en­tit­ies and funds. The first change is a tax charge on cap­it­al gains on dis­pos­als and the...
01 June 2018
VAT on prop­erty de­vel­op­ment
The Up­per Tribunal’s de­cision in HM­RC v Sum­mit Elec­tric­al In­stall­a­tions Lim­ited [2018] UKUT 0176 (TCC) provides some use­ful com­ment­ary on the mean­ing of “de­signed as a dwell­ing or num­ber of dwell­ings”...