Property & Construction
Careful tax planning and accounting to help you grow your property business, whatever your aims and ambitions
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Property & Construction
Whether you are a property developer, investor with a portfolio of residential or commercial lets, or a construction business, your business presents you with unique challenges, and we at Friend Partnership are ideally placed, qualified and experienced to help.
One area that needs careful consideration and planning is always taxation. If you’re a developer, the level of tax you pay can determine how much profit you have available to plough into your next development project, or, if you are an investor, how much you have to reinvest.
We at Friend Partnership are fortunate to work with some of the Midlands’ most exciting contracting and construction
companies, helping them to build their businesses with focused and commercial accountancy, advisory and tax planning solutions.
Tax Issues that you Face Include
- Structuring Is your current structure as tax efficient as it could be? Should you use a limited company or would personal ownership or a partnership be more effective? Often a combination of these can give the best result.
- Changing Structure If your current set up does not give optimum tax efficiency how do you change to a different structure for your tax without giving rise to significant additional tax charges?
- Stamp Duty Land Tax (SDLT) This is a very complicated tax and the liability can form a significant part of the purchase cost of new land or property. What planning can be undertaken prior to purchase to minimise any SDLT liability?
- Inheritance Tax (IHT) Property businesses bring with them the potential for significant liabilities on death. Can you organise your business in such a way that any IHT liability is mitigated to the fullest extent?
Structuring
Is your current structure as tax efficient as it could be? Should you use a limited company or would personal ownership or a partnership be more effective? Often a combination of these can give the best result.
Changing Structure
If your current set up does not give optimum tax efficiency how do you change to a different structure for your tax without giving rise to significant additional tax charges?
Stamp Duty Land Tax (SDLT)
This is a very complicated tax and the liability can form a significant part of the purchase cost of new land or property. What planning can be undertaken prior to purchase to minimise any SDLT liability?
- Inheritance Tax (IHT)
Property businesses bring with them the potential for significant liabilities on death. Can you organise your business in such a way that any IHT liability is mitigated to the fullest extent?
Friend Partnership’s Tax Partner, David Gillies has been advising property developers and investors for many years.
He is able to advise on all these issues and is one of the foremost Stamp Duty Land Tax specialists in the West Midlands.
David will be delighted to discuss your business with you and explore areas where Friend Partnership can help. Contact David on 0121 633 2000
Knowledge Base
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