The property market is forever changing for both commercial and residential properties, and it can be difficult to understand all the correct procedures regarding tax and accounting. There have been a considerable number of changes in property tax over the last few years – and it can be hard to keep up.
Hiring a property development accountant to deal with this can take a huge weight off your shoulders, giving you the time you need to work on your property portfolio. It can be helpful to hire an accountant whether you’ve just purchased your first property or you’re expanding your portfolio.
A qualified accountant can review your tax position and find the most tax-efficient approach for you. At LJS, we work with people who invest in both commercial properties and residential properties and have extensive knowledge and experience in the industry.
At LJS Accounting Services, our property development tax experts can ensure that you are operating as tax-efficiently as possible. Although there are many nuances regarding property tax, our dedicated team can help you understand the process.
If you’re a property developer, then you’re well aware that there’s plenty to consider regarding tax. Hiring a qualified accountant to deal with tax can take a huge weight off your shoulders, and provide you with all the support you need.
Whether it be regarding rental income tax, Capital Gains Tax, Stamp Duty, VAT, tax structuring, as well as allowances, a property development accountant can ensure that everything is completed on time, and above board.
At LJS Accounting Services, we can inform you of important allowances and rates, as well as any tax changes that you should be aware of.
Information online can be difficult to read and digest, which is why it’s helpful to have an accountant that you can call and talk to. We can also help with more nuanced corporate tax issues, whether it be shareholder exemption relief, transactions that cross the border, as well as interest restrictions.
Stamp Duty can be a complex subject, with many exceptions, reliefs, and exemptions to consider. This is something that a property development accountant can help you understand, and deal with on your behalf.
Many people end up overpaying on their SDLT (Stamp Duty Land Tax) – but at LJS, we can ensure that you’re paying the right amount and not a penny more than you should.
At LJS Accountancy Services, we can deal with all of your accounting needs, whether you’re an established developer or new to the world of property development.
As well as property development, we do accounting for landlords too – we have a firm knowledge of the ins and outs of the real estate sector, including accounting and tax.
We understand that you may have other commitments – and not everybody has the time to deal with the financial aspects of owning property and developing property. However, tax is required on profit made from renting property, and there are plenty of other accounting nuances to consider as a property developer.
At LJS, we can provide you with all the advice you need to structure your business in the most tax-efficient way. We can also help you with your annual Self Assessment as well as your Annual Tax on Enveloped Dwellings (ATED).
As well as advising you on Stamp Duty Capital Gains Tax, and Business Property relief, we can also inform you of the correct VAT rates to ensure that you’re paying the right amount.
Contact our dedicated team today to learn more about how we can help you. If you’re considering setting up a limited company or you’re expanding your property portfolio, LJS is here for you.
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