Boreal IM Limited UK Tax Strategy
Financial Year Ending: 31 December 2025
1. Introduction
This document sets out the UK tax strategy of Boreal IM Limited (“Boreal or the Company”) and its group companies (“the Group”). It applies to all UK taxes and related activities, including corporation tax, VAT, PAYE, stamp duties, and any other taxes relevant to the business.
The Company is a privately owned real estate investment manager focused on the acquisition, management, and development of logistics assets.
The Company is committed to managing its tax affairs in a responsible, transparent, and compliant manner consistent with its corporate governance framework and ethical business values.
This strategy applies to Boreal IM Limited and all the members of its group subject to UK tax (“The Group”) and meets the requirements of paragraph 19(2) Schedule 19 to the Finance Act 2016 in respect of the accounting period ended 31 December 2025.
2. Governance and Risk Management
Responsibility for the Group’s tax strategy and compliance rests with the Senior Management Team, which approves this strategy annually.
Day-to-day management of tax matters is delegated to the Finance Director and Finance Team, supported by external professional tax advisers.
The Group has implemented appropriate systems, controls, and review processes to:
- Identify and manage tax risks as they arise;
- Ensure timely and accurate submission of tax returns and payments;
- Monitor changes in tax law and their potential impact;
- Escalate significant tax issues to the Board where necessary.
Our aim is to maintain a low level of tax risk through proactive management and reliance on reputable professional advice where appropriate.
3. Attitude Toward Tax Planning
The Group’s approach to tax planning is aligned with the commercial objectives of the business and with the intention of ensuring compliance with both the letter and spirit of UK tax law.
The Group does not engage in artificial arrangements or aggressive tax planning designed to achieve tax results that are inconsistent with the underlying economic substance of our activities.
The Group works closely with external tax advisors and will take advice from these in cases where the tax analysis is unclear, subject to interpretation, or where there is a significant degree of uncertainty.
4. Level of Tax Risk Accepted
The Group has a low appetite for tax risk. The Group seeks to minimise the risk of uncertainty or dispute by ensuring that itsr tax affairs are straightforward, well-documented, and based on sound professional advice.
Where uncertainty arises in interpreting tax law, the Group will seek clarification from HMRC or our professional advisers before finalising positions.
5. Relationship with HMRC
The Group is committed to maintaining an open, professional, and transparent relationship with HMRC.
The Group’s approach includes:
- Timely communication and disclosure of relevant information;
- Cooperation in resolving any areas of uncertainty or disagreement;
- Early engagement to clarify the tax treatment of complex or unusual transactions;
- Ensuring that all tax filings are accurate and submitted on time.
The Group aims to build and maintain a positive working relationship with HMRC based on trust and mutual respect.
6. Review and Publication
This tax strategy is reviewed annually and updated as necessary to reflect any material changes in the Group’s operations, tax legislation, or governance structure.
It has been approved by the Senior Management Team of Boreal IM.