Home / People / Nick Burt

Nick Burt

Partner

Portrait ofNick Burt

Nick Burt

Partner

Contact
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.

more less

"makes deals happen"

Legal 500, Corporate Tax

"Wins plaudits for his "clear and focussed advice"

Legal 500, VAT and Indirect Tax

"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.
more less

Memberships & Roles

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

Education

  • 1998 – LLB, Victoria University, Wellington
  • 1998 – BCA, Victoria University, Wellington
more less

Expertise

Feed

04/08/2023
CMS Expert Guide on substance issues across Europe in United Kingdom
Introduction A company is tax resident in the UK by reason of either incorporation or central management and control. The question of ‘substance’ is therefore not relevant for UK incorporated companies...
Expert Guide
Comparable
03/05/2023
Real estate transaction costs and taxes in England and Wales
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost GBP 450-GBP 1000 VAT 20% 1.2 Utility search (each service) Cost GBP 0-GBP 150 VAT 20% 1.3 Land registry search (per...
Expert Guide Real Estate
24/11/2022
Particular points for overseas investors in UK property - Autumn Statement...
Longer term trends Despite the recent fiscal turbulence, the UK remains an attractive jurisdiction for overseas investment in real estate
Publication
05/08/2022
CMS advises consortium on acquisition of interest in world’s largest offshore...
International law firm CMS has advised a consortium comprised of GLIL Infrastructure and Octopus Energy Group on its agreement to acquire a 12.5% interest in the Hornsea One Offshore Wind Farm from Global...
Publication
26/11/2021
Qualifying asset holding companies ("QAHCS") - An update on important new...
As part of its drive to increase the attractiveness of the UK as an asset management and investment hub, the UK Government has included in the Finance Bill revised draft legislation for a generous new...
Law-Now Tax
23/07/2021
Qualifying Asset Holding Companies (“QAHCs”) – important new UK tax reliefs
As part of its drive to increase the attractiveness of the UK as an asset management and investment hub, the UK Government has announced proposals for a generous new regime for the taxation of UK resident...
Law-Now Tax
23/07/2021
Draft Finance Bill 2021-22: key tax changes for the real estate sector
The publication of draft legislation to be included in the Finance Bill 2021-22, alongside several consultations and responses, heralds significant changes for tax in the real estate sector. Real Estate...
Law-Now Tax
05/05/2020
CMS - Focusing on Funds – Coronavirus - Managing Funds and Overseas Update
Further to our earlier briefings, this Focusing on Funds is to assist fund managers and others on the management of their fund vehicles. This briefing will include practical insights relating to the followin:...
Law-Now Funds
17/04/2020
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...
Law-Now Tax
31/05/2019
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...
Law-Now Tax
08/10/2018
CMS Introduction to funds training
Please click here to view or download our brochure, which has full details of the training programme. If you would like to arrange a training programme, please get in touch. Our contact details are b...
Regzone Financial Services & Regulation
02/10/2018
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...
Law-Now Tax
Load more articles