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Just as nature abhors a vacuum, markets do not like uncertainty. For the last three and a half years the property market has faced considerable uncertainty, partly generated by the vote to leave the EU. However, some of this uncertainty has now been removed with Boris’s “stonking mandate”.

Navigating currency markets is a tricky business because foreign exchange lies at the intersection of many markets, and a wide variety of ever-changing factors determine a currency’s value. Alex Chernoff of Global Reach outlines some recent themes which have defined broader market dynamics, so that you can view 2020 through a clearer lens.

The recent decision in the Melford Capital case (TC07514) concerns the VAT recovery of costs incurred by a general partner in respect of a real estate private equity investment structure.

It has been a tumultuous year both politically and economically, and it doesn’t seem like 2020 will bring any more stability. In this issue of the PIMBs Briefing, we will be examining the past year through recent financial benchmarking, as well as exploring challenges faced by the sector for the year ahead and potential opportunities to overcome them.

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The Government announced on 8 January 2020 a review into the implementation of the IR35 legislation which is due to come into effect from 6 April 2020 for medium and large businesses.