Property

Over recent years the property market throughout the country has been strong, none more so than in Cornwall, attracting and growing many businesses. As such we act for a large number of clients in this sector, providing specialist advice for:

• Construction companies
• Builders
• Developers
• Subcontractors
• Allied businesses and trades

Land and building transactions are impacted by many different taxation regimes as well as involving complex compliance and accounting rules. In order to minimise the effect of these, the provision of proactive planning at the outset can help minimise taxation and maximise the final returns. However, we can bring specialist advice to core areas at any stage of the business cycle, such as:

• Initial strategic tax planning
• VAT advice on key issues – exempt, zero-rated, reduced-rated and standard-rated supplies, partial exemption, ‘election to tax’ and property reconstruction
• Stamp Duty Land Tax mitigation
• CIS requirements and contractor status
• Maximising capital allowance claims for internal fixtures
• Accountancy issues – UITF 40, income recognition and work-in-progress valuation
• Finance raising and budgetary planning

If you’d like to learn more, please contact Malcolm Peters.