Property & Construction
Sectors We Work In
Whether you are buying, renting, investing in or building a property, there can be complex tax issues to consider. The right advice can help to simplify your tax obligations.
As you no doubt know, the three golden rules of property are location, location, location.
We think there should be a fourth golden rule: when you buy a property, get tax advice.
That's because, first of all, even so called 'small' deals involve several thousand pounds. And when it comes to new developments, commercial investments or construction projects the numbers can be enormous.
Tax on property can be complex. How you hold a property and how you structure a deal can have a huge impact on the amount of tax you pay and the money you make.
Our clients include:
- Property dealers and investors (including through pension schemes).
- Commercial and residential landlords.
- Buy-to-let investors.
- Non-UK resident investors.
- Property professionals such as surveyors, architects, consulting engineers.
The construction industry plays a big part in the UK economy. The sector is worth about £90b a year and employs around 10% of the country's workforce.
More often than not, construction projects are complicated. They can involve large sums of money and any number of contracting parties. As a result, it is crucial that you get the right advice on the structure of your projects and their tax implications.
Our clients include:
- General construction contractors.
- Larger private and commercial construction companies.
- Construction project management.
- Construction engineers.
Other things to consider
We can advise you on:
- Choosing the right structure: company, limited liability partnership (LLP), partnership, sole trader, single purpose vehicle (SPV), offshore
- Tax: corporate, income, national insurance, capital gains tax, Stamp Duty Land Tax, VAT
- Construction Industry Scheme (CIS) rules for handling payments made by contractors to subcontractors
- Annual Tax on Enveloped Dwellings (ATED)
- Raising finance through debt, equity or venture capital
James Taylor, Director Edgar Taylor
"We contacted Clark Howes through a referral a number of years ago when the business was planning a de-merger. Clark Howes supported us in the de-merger and have been our accountant ever since. We have the confidence that Clark Howes are on hand to provide a professional accountancy service to suit our needs as the business develops and I would have no hesitation in recommending them."
6th March 2017HMRC have confirmed in the latest Employer Bulletin that changes will be made to the verification of subcontractors in the construction Industry Scheme (CIS) from 6 April 2017…8th February 2017In a change that will impact residential landlords, the amount of income tax relief available on residential property finance costs will be restricted to the basic rate of income tax…5th January 2017HMRC have introduced an online service to apply for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties if the property sold was previously a main home…
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