Under FRS 102, investment property whose fair value can be reliably measured without undue cost or effort must be measured at that fair value at each balance sheet date with gains and losses recognised in profit and loss. Our on-the-ground specialists help cut through the red tape, ensuring fast and compliant ownership of UK real estate assets. As a part of Kreston Global, we offer worldwide support to help you balance UK property ownership with local tax and compliance concerns. In the UK, you pay a different capital gains tax on residential property than you do on other assets. The rate you pay also depends on your tax bracket – higher rate taxpayers, for instance, pay 27%. Optimise your real estate investment strategy with expert perspectives.
Discover how Menzies construction and property specialists can support your business with specialist accounting services. Our specialist real estate and construction team has a wealth of experience working with investment, development and construction businesses across all asset classes. Our clients range from large international corporate groups and funds to individuals and everything in between, giving us in-depth and diverse industry experience. However, these rules only apply to investors that personally own the property. By setting up a limited company landlords can still deduct their mortgage interest costs.
Property & construction Sector Insights
Life Sciences Our Life Sciences team are passionate about this diverse and innovative sector. Whatever point in its lifecycle your business is at, we can help you achieve more. We provide audit, tax and corporate finance and strategic advice as well as a range… As Xero experts, we can help you get set up and familiar with the platform, allowing you to track your expenses, send out invoices https://www.world-today-news.com/accountants-tips-for-effective-cash-flow-management-in-the-construction-industry/ and reduce administrative burden. Being a cloud-based software, Xero allows you to see your accounts in real-time from any device so that you can monitor your finances and payments from any location. We have a team that specialises in Property and Construction, they have dealt with mixed-use development schemes, large Construction companies and property investment portfolios.
- From day one they will be there to address all the requirements needed to buy and sell in the property market.
- Real Estate & Construction We have over 200 UK and international real estate specialists advising on domestic and international assurance, tax and transactional matters.
- We are regulated accountants and tax advisers with association and partnership with UK’s leading bodies and organisations.
- We can review your situation, identify your options, and agree on a tax-saving plan with you.
- As your Property Accountant, we offer Fixed Accounting Fees, your accounting fees are fixed for the year.
- Our experience means we can undergo a comprehensive audit process that won’t take you away from your main focus.
- Our tax team advises on tax structuring, capital allowances, inward/outward investment, Stamp Duty Land Tax and VAT helping clients to manage critical real estate accounting issues.
You can’t come up with solutions without getting to grips with the challenges. That’s why we make sure we understand the environment and challenges that businesses in the construction sector face – issues like continued concerns around rising material costs, availability, and labour. Combining this with integrated property management software will streamline construction bookkeeping your accounting work, and provide you with more time to grow your business. The people who succeed are the ones who plan well, and take accounting seriously. With careful control of the figures, you can build a solid business that stands the test of time. Instead the entity is able to apply the cost model of accounting and avoid the costly valuation fees.
Value Added Tax (VAT)
Not only because of being more involved with key business decision-making, but because stakeholder management and senior level ownership is now more and more commonplace. More often they are now the ones who are up and about throughout the office asking questions, chasing invoices and presenting information. At LJS Accountancy Services, we can deal with all of your accounting needs, whether you’re an established developer or new to the world of property development. So, we aim to make your life easier by handling your accounts while you focus on running your business – this means you don’t have to take time off your day to study tax legislation or to spend hours filling out paperwork. If you’re a property developer, you’ll be pleased to know that we can help you navigate the buying and selling process when it comes to taxes and VAT, just to mention a few of the factors you should take into account in this sector.
Their support during what have been an extremely challenging couple of years has been nothing short of exceptional. Friendly, approachable, flexible and jargon-free, I can’t recommend Merranti highly enough. I am pleased to be one of their clients, and I feel like I am in good hands, I think now, I don’t have to worry about what to do. Stephen and the team are very professional and honest, and those were the traits that sum up a good accountant. At the same time, continued dissatisfaction with IFRS-based numbers, specifically as a basis for cross-border intercompany comparisons, underlines the importance of the industry-specific non-GAAP performance measures developed by EPRA. In a continually evolving world we help all generations embrace change through trusted advice, support and guidance.