Industries · Real estate
Property is long term. Your advice should be too.
Buying, letting, building and selling raise questions of VAT, tax, valuation and structure. We advise property companies and investors throughout the life cycle of the property.
In property, the largest amounts are often found in the smallest details.
Who it is for
For property companies, investors and developers with residential and commercial property, and for owner-managers who own the premises their business operates from.
We see the property in the context of the owner's structure, financing and plans.
What we see in the industry.
- VATVoluntary registration for commercial lettings and VAT on new builds.
- ValuationFair value or cost, and what the choice means for the accounts.
- FinancingBorrowing and reporting to the bank.
- StructureShould the property sit in the operating company or on its own?
- SaleCapital gains and recaptured depreciation on sale.
- OperationsRent, utilities and operating costs that must be reconciled.
What we deliver.
- Property accountsAnnual report and ongoing bookkeeping for property companies.
- VAT on real propertyRegistration, deductions and VAT on construction and sale.
- Tax on purchase and saleCapital gains, depreciation and planning before the transaction.
- StructureProperty companies and a holding structure that give flexibility.
- Bank reportingReporting and KPIs for lenders.
- Operating overviewIncome and costs per property.
A property lasts for generations. The structure should do the same.
How we work.
- ConversationPortfolio, strategy and time horizon.
- ReviewWe review structure, VAT and accounting policies.
- RecommendationOptions and consequences set out.
- OperationsAccounts, VAT and reporting on a fixed rhythm.
- TransactionsAdvice on purchases, sales and restructuring.
The whole picture
VAT, tax and structure. Seen together.
In property, VAT, tax and structure are closely linked. A decision in one place affects the others.
That is why we always look at them together, before you make the decision.
Questions.
Must commercial lettings be registered for VAT?
Letting is generally exempt from VAT, but commercial lettings can be registered voluntarily. This gives you a deduction for VAT on the costs.
How are investment properties valued?
At fair value or at cost, depending on your accounting policies. The choice affects both profit and equity.
Should the property sit in a separate company?
Often yes, to separate risk and give flexibility on a sale or generational transfer. It depends on the specific situation.
How is the sale of a commercial property taxed?
Capital gains and recaptured depreciation are taxed. Planning before the sale can affect the tax significantly.
How do we get started?
With a conversation in which we review your portfolio and your plans.
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