Tax Issues

U.K. self-storage operator LoknStore Group PLC announced financial results for the first half of its fiscal year, which ended Jan. 31. Revenue during the period increased 2.2 percent from the previous year, and occupancy rose 6.1 percent year over...

The impact of the United Kingdoms value-added tax (VAT) on self-storage facilities was illustrated this week by operator Safestore Holdings PLC, which announced a pre-tax loss of £19.5million ($30.9 million) for the 2012 fiscal year ended Oct. 31...

Inside Self-Storage (ISS) recently spoke with Ben Vestal, president and partner of the Argus Self Storage Sales Network, to discuss the self-storage real estate market. A nationally recognized expert in the field, Vestal talks here about the...

Recent changes tax laws are affecting self-storage professionals of all levels, from the facility manager whose paycheck is diminished by the increase in Social Security tax to the owner/investor whose investment profitability is affected by a...

Stock N Lock Self Storage Centre, a new £2.5 million ($4 million) self-storage facility in Worcester, England, is offering move-in pricing specials designed to help customers save money on rent and temporarily avoid paying the United Kingdoms...

As of Oct. 1, self-storage operators in the United Kingdom must charge rental customers a 20 percent value-added tax (VAT) as part of the governments revised budget plan. The new law affects self-storage businesses that previously opted not to...

Self-storage operators who wish to employ a self-service kiosk by OpenTech Alliance Inc. and the new ILock door-locking system by PTI Security Systems Inc. can enjoy an additional tax deduction under the IRS Tax Code Section 179, but only if the...

Whether you acquired your self-storage facility after 1986, are planning to buy a facility, or are embarking on a building or replacement program, cost segregation should be part of your strategy to maximize cash flow.