Property

property accountants

Our team deal with a wide range of property based businesses, offering extensive advisory and planning services in addition to preparing the appropriate accounts and tax returns.

Our client base covers a wide range of organisations including, but not restricted to, the following:

Residential Management Companies

We understand that directors of Residential Management Companies (RMC's) need to know that their advisors understand their specialist sector along with all the other issues faced by anyone running a limited company. In addition to benefiting from our firm’s long history of supporting a wide range of companies, our property management team monitor all developments in RMC reporting. This combination makes us ideally placed to support you and your RMC.

The services we offer to RMC's includes:

  • Preparation and submission of statutory accounts to Companies House
  • Advice on changes to reporting requirements for RMC's
  • Preparation and submission of Corporation Tax and Trust and Estate Tax Returns to HMRC where required
  • Company secretarial services (see Company Secretarial page), including the preparation and submission of company Annual Confirmation Statement
  • Preparation of service charge accounts

Residential Service Charges Accounts 

We have extensive experience in the preparation of service charge accounts for properties of all sizes located throughout England and Wales. Our specialist team provide support for clients ranging from Landlords and directors of management companies concerned with individual properties,  through to managing agents who operate on a regional and national level.

The service we offer to all our clients, regardless of size, comprises of the following:

  • Preparation of service charge accounts in accordance with current best practice
  • Detailed review of service charge requirements in lease agreements and comparing lease terms to contents of the accounts
  • Advice on service charge record keeping, client monies, developments in reporting requirement etc
  • Preparation of accounts and returns for Management Companies where required

Estate Agents, Managing Agents, Land Agents, Chartered Surveyors & Architects

We understand the pressures of running a professional practice and we currently act for a wide range of property agents, architects, surveyors and other property related professionals.

 

We are fully aware that agents face considerable regulation from both legislation, as well as the many professional and voluntary bodies that professional firms are often members of, such as ARMA, ARLA, RICS, NAEA and NALS. Through our client experience in this area, we are fully versed in the various accounting requirements that need to be considered. 

The services we offer include:

  • Preparation of management and year end accounts
  • Preparation of Self Assessment and Corporation Tax Returns
  • Bookkeeping support and VAT returns
  • Advice and tax planning covering business structures, drawings and dividends etc
  • Long-term advice including succession planning
  • Monthly and year-end payroll services
  • Support with IT development
  • Financial planning through our in-house financial advisors
  • Advice on the tax effects of new technologies and incentives
  • Advice on Stamp Duty Land Tax and the impact of VAT on property transactions

Private and Corporate Landlords

Investment in property is a serious business, whatever the scale it’s done on.  As a firm, we support landlords in a variety of situations; ranging from individuals, partnerships and small companies that own a single property,  all the way through to companies and high wealth individuals and families that own many millions of pounds worth of properties and other land-based assets. Within this, we offer all of the services detailed above.

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Latest Property News

  • Merry Christmas
    15/12/17

    Wishing you a Merry Christmas and a prosperous New Year from all at Whittingham Riddell

  • Agricultural property relief
    14/12/17

    Agricultural property relief (APR) is an important relief available for those who own agricultural businesses and property.

     

  • Welsh land transaction tax
    15/11/17

    The Welsh Assembly has announced the proposed rates and bands for land transaction tax (LTT) which is to be introduced for land and property in Wales on 1 April 2018, replacing Stamp Duty Land Tax.

  • Bank of England rates rise
    08/11/17

    The Bank of England (BoE) has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years.

  • 12/10/17

    An interesting tax case was heard before a First-tier Tribunal this year and has resulted in a victory for the taxpayer.

  • 16/08/17

    We have the answers...

  • 31/07/17

    To best consider your tax planning options, land being put forward for commercial and residential development should be mentioned to your tax advisor at an early stage...

  • 25/07/17

    If you own commercial property, or trade in business through a company, you could be missing out on thousands of pounds of valuable tax relief.

  • 15/06/17

    Agricultural Property Relief (APR) and Business Property Relief (BPR) can be a valuable inheritance tax relief for farming families, but to qualify for this farmers need to ensure that their affairs are structured appropriately. 

  • 13/06/17

    In its latest attempt to kerb the buy-to-let boom, the government has introduced a restriction on a number of finance costs a residential landlord can claim tax relief on