Property Accountants

We work with a broad spectrum of clients covering the property and construction sector, from individuals to large privately owned corporate groups.

 

Property and Construction

Read our Property Income and Tax Update Dec 2016

As specialist property accountants and tax advisors we act for:

Property Developers
Investors (including buy to let, student and HMO's lettings)
Speculators
Builders and building contractors
Subcontractors
Planning consultants
Architects
Surveyors
Structural engineers
Estate agents
Managing agents

Property Development and Investment

Property development and investment are complex businesses and getting matters wrong from an accounting and taxation perspective can be very expensive. Morris Crocker have been assisting a wide range of clients for many years navigate their way through the issues involved.

Ownership Structure

One of the key issues that we advise on is the ownership structure which needs to be considered in terms of suitability for both short term requirements and longer term strategy. These include sole or joint ownership, partnership, LLP, corporate, group, Special Purpose Vehicle (SPV) etc.

Accounting

How transactions are reflected in accounts can have a crucial impact on taxation liabilities.  Property accountants therefore need to have a thorough understanding of the accounting rules and law involved. Furthermore, clients’ intentions regarding properties acquired, short and longer term need to be considered.

Tax

Our emphasis is on tax mitigation.  Helping clients to avoid “tax traps” and ensuring they only pay the tax they are required to, having claimed all available reliefs.

The main taxes usually involved are Stamp Duty Land Tax, VAT, Income Tax, Corporation Tax and Capital Gains Tax.

More recently we have seen the introduction of the Annual Tax on Enveloped Dwellings (ATED) for certain residential properties owned by companies, partnerships and other “collective investment vehicles”.

From an individual’s point of view we can also advise on Inheritance Tax.

Property development and investment usually involve few transactions but each is of relatively high value.  It is essential to ensure the impact of all taxes is fully considered before proceeding.

Project Appraisals and Finance

Drawing from the experience we have gained over our 30 years as specialist property accountants, we are able to help clients appraise proposed development projects and investments, both residential and commercial, and can advise on suitable financial structures. Through our contacts with lenders we are also able to assist clients raise finance when required.

Construction

The construction industry has its own particular accounting and taxation issues. The Construction Industry Scheme (CIS), employment status of workers and VAT being a few examples.

Morris Crocker has considerable experience in the construction industry having acted for all sizes of businesses from sole traders through to large construction companies for many years.  We are therefore able to assist clients deal with all these issues.

Outsourcing

For clients requiring assistance with accounting, VAT, payroll and CIS we are able to provide a full outsourcing service tailored to their specific requirements.

 

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Property & Construction Key Contact

Kevin Gilbert, Director

Kevin joined Morris Crocker in 1981 and throughout his career has specialised in the property development, investment and construction sectors. He has acted for all sizes of businesses, from individuals through to public companies.  His particular interest and expertise is in tax mitigation.

T:023 9248 4356
kmg@morriscrocker.co.uk

 

What our clients say...

I would have no hesitation in recommending their services to anyone who has the pleasure of embarking on their own business adventures, no matter where on the journey they currently may be. Gavin Barrett - Barrakav Ltd

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