Satwaki Chanda Email & Phone Number

Tax Notes is a website site containing articles on UK taxation, with a particular emphasis on business and property taxes. These articles are aimed at practitioners, students and anyone else interested in the world of tax.

Freelance author working on tax publicationsCorporation Tax AnnualCapital Gains Tax Reliefs for SMEs and EntrepreneursThe Buy to Let Handbook

Responsible for updating this book on a quarterly basis, including writing new chapters.

Oxford

During this period I worked on developing my own tax planning ideas, mainly for the corporate sector. In particular:- Capital Loss Planning – an idea for a company to claim tax relief when selling a trading company at a capital loss. This is not normally possible under the substantial shareholding rules.- IP tax planning – an idea for accelerating tax relief on patents under the capital allowance rules. - Other projects included designing a fund investing in mature intellectual property assets, providing investors with a tax efficient income. The intention was to model this idea on the US/Canadian oil and gas royalty trusts.

Flatland

Learning about Galois theory for the first time and the 17 different wallpaper groups of the Euclidean plane.

London

I was the Tax Department’s first Professional Support Lawyer (“PSL”). In order to being structure to the role, I initiated the discipline of producing monthly worklists and reports on my activities to the partners and to the department as a whole.I produced knowhow material on a wide variety of topics, including corporate M&A, business sales, reconstructions, owner managed business issues such as taper relief, property and hedge funds, stamp taxes and VAT. I also arranged and took part in training sessions and answered fee earner queries as part of my normal PSL duties.As well as contributing to the tax section to the firm’s regular Corporate News updates, I initiated the practice of producing standalone tax newsletters. These were circulated to clients and also displayed on the firm’s website. This was also the first occasion that the Tax Department produced a Budget newsletter.I also provided a considerable amount of legal analysis and advice on real estate investment trusts (“REITs”) a fund vehicle that was introduced into the UK in 2007. In particular, I contributed to client pitches, took part in internal training sessions and produced client newsletters and internal technical notes including: - An analysis of the impact of REITs on M&A/real estate transactions;- Analysis of CGT issues and some tax planning ideas for when a REIT converts to a normal company;- Issues for overseas US investors as part of the firm’s marketing to US law firms.

London, United Kingdom

Private business venture with a group of business angels, investing in technology companies. Specific responsibilities included designing an LLP structure to provide investors with tax reliefs for R&D.

London

Corporate tax involving owner managed businesses, including family owned and entrepreneurial companies. Corporate reconstructions and business sales, corporate start-ups taper relief and EIS.IP tax work – involving R&D tax credits, R&D allowances, patents and the new IP rules.Investment funds – advising on the tax treatment of OEICs and unit trusts, mergers and conversion of authorised unit trust into a Luxembourg SICAV.Property tax - stamp duty and VAT work for a major UK bank, as well as working on various stamp duty savings schemes.I was responsible for writing the tax section of the firm’s quarterly newsletter, and also produced standalone tax newsletters for the department’s clients. I also produced lecture notes for seminars given by the tax partners: - Optimising the Potential of Leases and Leasing - a 36 page guide to the taxation of leases, covering tax implications for both landlords and tenants. Specific topics include capital allowances, stamp duty and VAT; reverse premiums/inducements, lease variations, premium strips. - Stamp duty for Commercial Property – covering stamp duty planning schemes (pre FA 2002) s 76 relief, nominee schemes, group relief.- Producing lecture notes for a seminar given by Tax Partner' at Cranfield Business School, on Taxation for Small Business Owners - covering EIS Schemes, CGT taper relief, R&D tax credits and share schemes.I also designed two tax planning ideas: - A tax efficient business sale where a seller is exempt from corporation tax under the substantial shareholding exemption and the buyer can obtain tax writedowns on the goodwill of the business;- An idea to construct an R&D fund. This involved investors contributing cash to a partnership for the construction of a research laboratory, the investors being eligible for 100% R&D allowances.

London

Corporate and property tax, involving entrepreneurial and technology companies. Corporate reconstructions, tax clearances and stamp duty planning, including saving stamp duty on a land exchange transaction for a major oil company.I also took responsibility for marketing the tax department to the rest of the firm, producing tax newsletters for our clients.

London

Corporate tax work, focussing on stamp duty planning, both in relation to business and property transactions.I also produced technical notes for the firm’s National Tax Group (now known as the Tax Policy Group).

London

Representing leading City financier Lord Spens in his legal against the Bank of England. This was a claim that the Bank unlawfully pressurised Lord Spens’s employers to dismiss him, as a result of his part in events surrounding the takeover of Distillers by Guinness (Diageo) in 1986.I had overall responsibility for managing the litigation. This involved instructing both Leading and Junior Counsel, instructing forensic accountants and expert witnesses, legal research and interviewing key witnesses.

London

Leading barristers set of chambers in the City of London specialising in commercial litigation. Responsibilities included drafting pleadings and affidavits, writing opinions and conducting legal research for my pupilmasters.

Bsc (Hons), Mathematics First Class Honours

Second Year Scholarship Awarded Henry Roland Hasse Prize for final year exams

Law

Diploma In Law