New VAT relief for social housing land signals the end for ‘golden brick’ transactions

We explain the proposed changes and their significance to those involved in delivering affordable and social housing projects.
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Led by Euri Yoon — a Korean-born English solicitor, Chartered Tax Adviser (CTA), Chartered Management Accountant (ACMA) and Partner — our Korea Desk combines UK legal and tax expertise with a genuine understanding of Korean business culture, values and ways of working. Drawing on more than two decades of experience in advising Korean companies, investors, executives and institutions, Euri helps clients to bridge the legal, commercial and cultural differences between the two markets.
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Over the past two decades, Euri has advised Korean corporates, investors, entrepreneurs, executives and high-net-worth individuals on UK legal and tax matters. She has also worked closely with Korean and UK government bodies, trade organisations and professional advisers, developing a strong network across both countries.
Her combination of legal, tax, accounting and commercial experience enables her to provide advice that’s technically robust, commercially practical and culturally informed.
Before qualifying as a lawyer, Euri worked at Samsung SDS Europe as a Management Accountant and In-house Legal Adviser, giving her first-hand experience of working within a major Korean multinational business.
“Euri Yoon’s ability to explain sensitive and complex tax matters in clear, layman’s terms made a real difference. As an overseas company with UK operations, our questions covered a broad range of tax and operational issues, yet Euri responded promptly and thoroughly to both major and minor matters, with consistent follow-through.”
Finance Director, global biotech company
“We've worked with Brabners' corporate team [and] Sam Mabon for over ten years on all our acquisitions... The team understands our sector and the regulatory landscape, which is invaluable to mitigate risk and maximise ROI. The longstanding relationship means we know and trust that Brabners protects our interests while taking a commercial approach to negotiations. The team drives the transaction and ensures that it completes within the agreed timeframe.”
Legal & Regulatory Director, Chase de Vere
“NWF Group plc has worked with Rupert Gill and the wider team at Brabners for over 25 years. During that time, Brabners has worked on circa 40 corporate transactions for us, sometimes several in any given year. The knowledge that the team has gained of our businesses and how we operate has helped to smooth the acquisition process. Their use of standard documents and a reporting process that we know helps to reduce the management time involved.”
CEO, NWF Group plc
“We've worked with Brabners for more than five years on a number of major corporate, commercial and financing projects. Brabners helps us to identify and address relevant legal issues early. The team is proactive, pragmatic, commercial and works seamlessly with our in-house legal team and other advisers. Put simply, Brabners provides exemplary, cost-effective support.”
Richard May, Partner, General Counsel & Head of Compliance, Omni Partners
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The Legal 500 2026
신뢰, 문화적 이해, 그리고 영국 최대 규모의 독립 로펌 중 하나의 역량을 바탕으로 한국과 영국을 연결합니다.
브라브너스(Brabners)의 코리아 데스크는 한국 기업, 투자자 및 개인 고객의 영국 시장 진출과 투자 활동을 지원하는 동시에, 영국 기업의 한국 시장 진출과 사업 확장을 돕고 있습니다.
코리아 데스크는 한국 출신의 영국 변호사(Solicitor)이자 공인세무사(CTA), 공인관리회계사(ACMA)이며 브라브너스의윤유리(Euri Yoon) 파트너변호사가 리드하고 있습니다. 저희는 영국 법률 및 세무 전문성과 함께 한국의 비즈니스 문화, 가치관 및 의사결정 방식에 대한 깊은 이해를 바탕으로 고객을 지원합니다. 20년 이상 한국 기업, 투자자, 경영진 및 기관들을 자문해 온 경험을 통해 한국과 영국 사이의 법적, 상업적 및 문화적 차이를 효과적으로 연결하고 있습니다.
1815년에 설립된 브라브너스는 영국 최대 규모의 독립 로펌 중 하나로, 종합 법률 서비스를 제공하는 로펌의 전문성과 자원을 갖추면서도 독립 로펌 특유의 민첩성, 신속한 대응 및 관계 중심적 접근 방식을 유지하고 있습니다. 고객들은 기업자문, 세무, 부동산, 고용, 분쟁해결, 자산관리, 상업계약 및 규제 등 다양한 분야의 전문가들과 협업할 수 있어 복잡한 국제 거래와 투자에 대해 통합적이고 효율적인 자문을 받을 수 있습니다.
또한 브라브너스는 B Corp 인증을 받은 로펌으로서, 기업이 사회에 긍정적인 영향을 미쳐야 한다는 신념을 가지고 있습니다. 이러한 가치는 장기적인 고객 관계 구축, 책임 있는 자문 제공 및 지속 가능한 성장을 지원하는 방식에 반영되어 있습니다.
한국 기업의 영국 투자, 영국 기업의 한국 시장 진출 또는 양국에 걸쳐 자산과 이해관계를 보유한 개인 고객에 이르기까지, 브라브너스 코리아 데스크는 한국의 신뢰할 수 있는 법률, 회계 및 전문 자문기관들과 긴밀히 협력하며, 양국 간 투자, 인수합병, 기업 진출 및 국제 비즈니스 확대와 관련된 다양한 업무를 지원하고 있습니다.
윤유리 파트너는 브라브너스의 파트너이자 코리아 데스크 책임자입니다.
한국에서 태어나 교육을 받았고 현재 런던을 기반으로 활동하고 있는 윤유리 파트너는 영국 변호사(Solicitor), 공인세무사(CTA), 공인관리회계사(ACMA)이자 영국MBA 학위 소지자입니다. 변호사가 되기 전 삼성 SDS 유럽법인에서 경영관리 및 사내 법무 담당으로 근무하며 한국 대기업의 운영 방식과 의사결정 과정을 직접 경험했습니다.
이후 20년 넘게 한국 기업, 투자자, 기업가, 경영진 및 자산가들을 대상으로 영국 투자, 인수합병(M&A), 국제 조세, 기업 구조조정, 부동산 투자 및 자산관리와 관련된 자문을 제공해 왔습니다. 또한 한국과 영국의 정부기관, 무역·투자기관 및 전문 자문가들과 긴밀히 협력해 왔으며, 양국 간 비즈니스와 투자를 연결하는 데 있어 폭넓은 경험과 네트워크를 보유하고 있습니다.
법률, 세무, 회계 및 기업 경영 분야를 아우르는 독보적인 경력을 바탕으로, 윤유리 파트너는 기술적으로 정확하면서도 실질적이고 상업적인 해결책을 제공하는 데 중점을 두고 있습니다. 특히 한국 고객들이 영국에서 사업을 전개하거나 투자할 때 발생하는 법적·세무적 이슈를 한국적 관점과 영국적 관점 모두에서 이해하고 자문할 수 있다는 점이 큰 강점입니다.
Multinational companies
Provided cross border tax, social security and employment structuring advice to multinational companies, delivered in close coordination with legal teams in other jurisdictions.
Landfill site acquisition
Advised on the acquisition of a landfill site, acting for the buyer on the tax aspects of the transaction. Work included preparing and negotiating a bespoke tax provisions including landfill tax, environmental taxes and restoration-related liabilities.
Regulated water services business
Advised on the acquisition of a regulated water services business supporting industrial and infrastructure operations across strategic transport and logistics assets.
UK-Hong Kong consolidation
Advised a founder-led business on UK-Hong Kong consolidation prior to external investment.
Multi‑party land and leasing structure
Provided SDLT and VAT planning advice on a multi‑party land and leasing structure for a complex development.
EMI option re-alignment
Guided a company through a complex EMI option re-alignment after a share reorganisation, preserving tax advantages while resetting management equity to agreed commercial outcomes.
Complex VAT dispute
Successfully resolving a complex VAT dispute involving multi-entity supply chains.

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