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Property/Construction

For a number of years Harts has been helping companies in the property and construction industry to improve their efficiency, competitiveness and profitability.  This experience makes us ideally placed to understand the complex challenges facing businesses in this sector.

The construction industry can be very volatile and careful planning and advice is needed.  We understand the specific problems faced by builders, engineering contractors and consultants and are able to find effective solutions.  Within this current economic climate we can provide practical help and advice on issues such as cash flow, credit control, restructuring and funding.

We act on behalf of many clients in the property and construction sector, including: -

• Commercial property investors
• Commercial and residential property developers
• Buy-to-let businesses
• Property maintenance businesses
• Chartered surveying practices
• Builders
• Engineering Contactors

Deriving the maximum potential from a property transaction requires robust professional advice and strong working relationships – every property transaction is unique so we assess every client taking account of their objectives and the opportunities available.
We work in partnership with our clients and give objective, independent and informed advice on how to implement solutions to increase their profitability and value.

VAT can cause many complex issues for those operating in the property sector.  We can assist with property transactions and VAT accounting and returns where necessary and whether to waive exemption from VAT.

Harts can offer a full range of services tailored to the requirements of the property sector and provides seamless solutions for businesses. Our specialist services to this sector include:

• Audit & assurance
• Corporate finance and raising finance
• Taxation
• Corporation tax 
• Stamp duty 
• VAT & tax planning
• Capital gains tax 
• Income tax 
• Capital allowances
• Business planning
• Business strategy
• Project evaluation
• Exit strategy and profit extraction
• Budgeting and cash-flow management
• Pension arrangements
• Risk management
• Valuations
• Grant applications
• Purchase of business premises

We assess each property transaction from its inception through to its disposal.  This involves identifying the best corporate structure for the acquisition through to maximising the profit on disposal and mitigating the ensuing tax liability.
Contact

For further information and advice please contact Su Rai on 0161 932 1500 or email su.rai@hartsllp.com.

Useful Links

The Construction Industry Scheme
www.hmrc.gov.uk/cis

The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.

The scheme applies mainly to contractors and subcontractors in mainstream construction work, however businesses or organisations whose core activity isn't construction but have a high annual spend on construction may also count as contractors and fall under the scheme. It was extensively revised in April 2007 and the information contained in this guidance relates to the latest CIS rules.
 
BPF: British Property Federation
www.bpf.propertymall.com 

The British Property Federation is the trade association of the property industry, representing owners and investors in commercial and residential property. The property assets held by BPF members are over £100bn.  Their website contains latest news from member organisations.

Estates Gazette
www.egi.co.uk

The UK's leading online news, research and information service for the commercial property market.

Freemans News
www.freemansnews.com

Leading property news website.  Read the latest press releases and download a Top Story news ticker.

London Chamber of Commerce Property and Construction Group
www.londonchamber.co.uk

London Chamber's Property and Construction Group provides a networking base for a wide range of specialists in the sector, from builders and developers, to architects, engineers, estate agents, interior designers and surveyors. NB: To access the Property & Construction Group page from the homepage, click on Special Interest Groups under the Making Contacts heading.
  
Property Week
www.property-week.co.uk

The weekly news magazine for the property industry, featuring a fully searchable archive of articles from Property Week and seven other professional titles, updated every week.

RICS (Royal Institute of Chartered Surveyors)
www.rics.org.uk

Official website of RICS - the world's leading professional body addressing all aspects of land, property, construction and the associated environmental issues.

RIBA: The Royal Institute of British Architects
www.architecture.com

Official website of The Royal Institute of British Architects where you can find 250,000 pages of useful information about architecture, architects and the Royal Institute of British Architects.

Please click here to read a thought provoking article on V.A.T. reclaims for self-builds.