Property and Construction

BHP has extensive experience advising clients in the property and construction sector, including property investors, developers, builders and contractors.

Our specialist Property & Construction team will work with you to understand and evaluate your current property business looking at areas where we may be able to assist and provide proactive advice.

What services can we offer?

Our service offering to the real estate and construction sector includes the following:

• Audit and accounts
• Preparation of annual accounts
• Audit of annual accounts
• Tax planning
• Corporate tax returns
• Personal tax returns

We are specialists across the full range of taxes, including personal, corporate, VAT, Stamp Duty Land Tax, Capital Gains Tax and Inheritance Tax and Tax advisory work such as:

• Capital Allowances claims on properties purchased
• Consideration of the tax impact of potential property transactions and advice on suitable structures to manage those liabilities
• The potential restructuring of property portfolios, for example using corporate structures which, can help mitigate the impact of the “section 24”, which limits the deductibility of interest for individual landlords.

A complete solution

We work with our audit and accounting teams to deliver a complete solution. This includes:

• Cloud Accounting (MTD future proofing)
• Construction Industry Scheme
• Management accounts
• Cashflow forecasts
• Review of a tenant’s financial position
• Assistance with monitoring bank covenants
• Audits for funder’s requirements
• Assistance with obtaining financing and refinancing for property investments and development projects

Choosing the correct structure can be key to achieving tax efficiencies with property transactions, so we always encourage advice to be sought early. We advise on a wide range of issues affecting the sector.

We work closely with other professionals (in the real estate and construction sector), ensuring that your banking and legal needs are considered and your business options are understood.

Do you need support with your property portfolio? Speak to a team member today.