Longmartin Properties, a 50/50 joint venture between real estate investment trust Shaftesbury and the Mercers' Company, has tapped up Aviva Commercial Finance for a 15-year loan.
The facility is for £120m and is at a fixed rate of interest of 4.43%. Longmartin will remit the proceeds of the loan after expenses to its shareholders through the repayment of loans and share capital.
More to follow ...
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Frozen thresholds could push ‘tax freedom day’ to latest date this centuryTax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
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Family left with £20k IHT bill because of out-of-date tax adviceFrozen tax thresholds and dated guidance helped drag the estate into an inheritance tax liability despite extensive use of gifting to avoid a bill
