BT cuts tax with sale and leaseback transaction

February 01 2004

BT Group, the UK telecoms company, has carried out a £1.3 billion ($2.37 billion) sale and leaseback of its ageing telecoms business that could cut the company’s tax liabilities by as much as £300 million ($546 million) over a number of years

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Request Access or Login

Topics

News Direct Tax

more across site & shared bottom lb ros

More from across our site

Direct Tax

Beyond the headlines: What if CbCR is reshaping avoidance rather than preventing it?

Tax authorities have gained unprecedented transparency through CbCR, but a new study suggests they may not be looking in the right places

Sam Sholli, October 05 2026

Direct Tax

Hands of project managers discussing project management strategy

A taxing week: The evolution of chief tax officers – from policing to partnering

The future chief tax officer will be judged not only on compliance, but on their ability to harness data, technology and AI to support strategic decision-making

Pavlo Boyko, October 02 2026

Rankings analysis

World Tax 2027 rankings Europe article image

World Tax Rankings Europe 2027 released: EY and KPMG lead promotions

More than 200 tier promotions reshaped this year's European rankings as several international firms strengthened their positions in key tax markets

Tom Baker, October 01 2026

Transfer Pricing

OECD failed to tackle digital economy, claims Worldline tax chief

Ryosuke Takemura, OECD policy adviser, countered that the organisation’s role is ‘not to solve these issues one by one’ but to prevent tax disputes in general

Tom Baker, September 30 2026

Awards

ITR APAC Tax Awards 2026: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2026 Asia-Pacific Tax Awards

John Harrison, September 30 2026

Transfer Pricing

Exclusive: A&M Tax bolsters Dutch capabilities with TP hires

Monica Erasmus-Koen and her Taxtimbre team will be responsible for building the firm’s TP capability in the competitive Netherlands market

Sam Sholli, September 29 2026

Podcasts

Podcast: Howden on tax insurance beyond the M&A market

Howden’s Rian Bahia explains how tax insurance can address known risks, unlock transactions and offer an alternative route through disputes and uncertainty

Tom Baker, September 28 2026

Direct Tax

Beyond the headlines: Why tax firms still get working parenthood wrong

Haynes Boone’s new London partner, Alexandra Ueno-Park, argues that one-size-fits-all policies, billable-hour targets and outdated networking expectations can hold talent back

Tom Baker, September 28 2026

Direct Tax

A Taxing Week: Why Deloitte wins big at the ITR Awards (and your firm can too!)

Death, taxes and Deloitte hoovering up trophies at an ITR awards night. Isn’t that the saying?

Sam Sholli, September 25 2026

Podcasts

ariane calloud baker mckenzie podcast article image

Podcast: Baker McKenzie partner predicts AI audits and pillar two disputes

AI, pillar two and joint audits could define the next era of tax controversy, says Baker McKenzie tax partner Ariane Calloud

Tom Baker, September 24 2026