We act for several RSL clients, where our tax teams have conducted reviews to maximise their tax position.
An example, an RSL Group, which although not presently paying tax, because of the structure and status of the organisation was likely to incur significant liabilities in the future.
Our social housing tax specialists advised the Board and Management of the Group on the advantages and disadvantages, as well as the procedures of converting the RSL to charitable status.
We worked with management and lawyers to help implement procedures to convert the RSL to charitable status, advising on the financial and tax implications. This lead to the creation of a new group structure that suited the future strategy of the group plus it avoided significant loss of cash and resources by eliminating future tax liabilities.