Property

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We are not just property investor accountants. We are specialists who also deal with real estate funds and work with some of the best property management companies and agents in the country.

Supporting investors and developers

We know you come in all shapes and sizes. From the new investor starting out with a few buy-to-let properties, the serial renovator, and the land developer, right through to the property entrepreneur with an ever-expanding portfolio. But one thing you all need is specialist advice to make the most of your investment – and help to make it tax efficient.

Landlords – home or abroad

Property ownership comes with an administrative burden. One that we can relieve you of. Through Alliott Global Alliance, we have access to a team of advisors in key commercial centres globally, who can guide you on local tax implications, or give support when investing overseas.

High-value residential property

If you are buying a residential property that is worth more than £500,000 – or already own one, you may be liable for extra tax charges. Or perhaps you are not aware of special rules for buying a property through a company or partnership. We can guide you and help make sure you are not paying more tax than you need to.

We can help you with:

• Annual Tax on Enveloped Dwellings (ATED)
• Tax – personal, company and international
• VAT
• Accounting and bookkeeping
• Company structure

Real estate funds

This is an area we feel very at home with. We work with an extensive portfolio of clients who operate in this sector, including major private equity real estate funds.

Specialist teams take care of routine matters including day-to-day cash management, international tax advice and due diligence. And when something comes along that is a little less routine, we have the experience to handle it with clarity and confidence.

Most of the work we do covers:

• Bookkeeping
• Management accounting and reporting
• Statutory accounts and audit support
• VAT compliance – preparing and filing quarterly returns
• Tax returns – for corporate tax and non-resident landlord income tax
• Cash flow reports
• Cash management – preparing payments to suppliers and providing weekly cash reports
• Maintaining statutory books of UK companies

But we also:

• Provide assistance with acquisition and disposal
• Produce reconciliation statements on acquisitions
• Liaise with the purchaser’s advisors on disposals, dealing with questionnaires and preparation of completion accounts and statements
• Produce reconciliations of monies returned to fund from deals
• Provide assistance on deals in other countries not managed by our firm
• Provide information to overseas accountants where the company is a Sarl –and sense-check accounts produced by them.
• Provide information in respect of overseas VAT returns
• Prepare compliance certificates for banks in respect of loans

Property management back-up

For residential property owners, lessees and management companies, it can be a real headache to make sure everything stays compliant. Especially when guidance can often seem rather confusing or at times vague. With Alliotts on board, you can be confident that every box is ticked and nothing is missed.

We can handle:

• Service charge accounts
• Certification of service charge accounts
• Preparation and submission of trust tax returns
• Service charge budget reviews

And for property management companies and their directors:

• Statutory company accounts
• Filing of accounts with Companies House
• Preparation and submission of Corporation Tax returns
• Statutory audit of annual accounts
• Corporate services – maintaining records and registers and dealing with share certificates

Residential property management agents

If you work in this area, you will know there are a lot of hoops to jump through. We can review your client accounting systems and controls to ensure compliance with the rules of regulatory bodies. We can also provide you with an independent accountant’s report – if that is something you need to show ARMA, ARLA or NAEA.

For anyone in this sector, we are here to support you with:

• Payroll
• Bookkeeping
• Management accounts
• Budgets
• Service charge demands
• Payments of supplier accounts
• Client accounting records