Property
Our team are on hand to offer professional advice and guidance on property purchases. Whether you are an experienced buy-to-let proprietor, a property developer, or even an "accidental" landlord, we can help you take care of all areas of property taxation and ownership.
Landlords
Lucia Accounts Partners can advise you on your property portfolio to ensure the best possible return on your investment.
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Building, or rationalising, a property portfolio
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Ownership structures
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Specific obligations of non-resident landlords
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And of course Income Tax and Capital Gains Tax calculations
Developers
From an accounting and taxation perspective, property development can present a number of challenges that require careful planning in order to maximise your return on investment.
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VAT is a complex area and great care should be taken to ensure all parties to the property transaction fully understand the implications of how VAT can affect a property transaction. Many property transactions are not usually subject to VAT but there are exceptions. New-build developments must meet HMRC's criteria in order qualify for zero rate VAT, whilst HMO and office conversions can qualify for a reduced rate of VAT with the appropriate planning.
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There are several ownership structures available for developers. Most commonly these include personal ownership, partnership, or operating through a Limited company. Deciding which one is most appropriate for you will depend on your individual circumstances and intentions for the property once the development is finished.
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Please get in touch today to see how we can assist you.