New regulations. Boom and bust. Sustainability. Rising costs. The property sector is increasingly complex and challenging. It is vital you have specialist advisers who can help you control your risks, remain compliant and competitive and ready to take advantage of opportunities.
We advise a range of clients who own, manage, develop, service or invest in properties. They work with us because of our technical expertise – particularly in tax matters – and timely, accurate advice. They value our open, down-to-earth approach and are happy to recommend us. In fact, most of our business comes from referrals.
How we can help you
Every building and business is different. So we tailor our solutions to minimise your tax and maximise your profit. We enjoy solving problems and will always be available to answer your questions and come up with practical solutions.
A strong reputation in the sector
We work with influential people in the market; speak at Investment Property Forum; hold seminars; and produce briefings and newsletters on the latest issues affecting the sector.
We can support you with almost anything from deal structuring to tax planning. You can combine any of our services to suit your business; and our fees are competitive and agreed in advance with no unexpected costs.
Our services include:
- Accounting advice and accounts preparation including iXBRL
- Corporation tax planning and compliance
- Employment taxes and incentives
- Personal tax planning and compliance
- Service charge preparation and reporting
- Stamp Duty Land Tax advice
- Structuring and transactional support
- VAT guidance
Effective tax planning needs understanding
Whilst every property transaction is different, recognising the tax issues and reconciling the often competing tax requirements of the parties to the transaction is a constant.
Our client, a minority shareholder in a substantial private property investment company (“InvestCo”), was approached to participate personally in a property development opportunity which was in danger of being forfeited through insufficient funding. The original purchasers, who had made the acquisition through an LLP, were unwilling to simply sell the benefit of the contract due to high marginal rates of income tax and, although InvestCo was willing to provide funding, it did not want to be directly involved in the trading development. Our client had the necessary experience and was keen to be involved in the project but could not provide the funding.
By introducing two new corporate members into the LLP, one owned by the original members and the other by our client and InvestCo, it was possible to reconcile these differing interests and requirements. The solution enabled InvestCo to invest into the property development through a mixture of debt and equity, the original LLP members received their original investment back and, together with our client, were able to enjoy entrepreneurs’ relief on the profits returned through the winding up of the corporate members that were introduced into the LLP, giving an effective tax rate on these profits of 10%. InvestCo received its return through a mixture of interest on the loans it advanced and through a gain on its equity investment. As is often the case in property transactions, there were other, simpler, transactions possible but none that as elegantly reconciled the differing commercial and tax requirements of all the parties involved.