Property & Construction

Practical & Trusted Advice

The Property and construction industry is extremely diverse and includes businesses ranging from developers, construction companies, estate agents, architects and private landlords. Due to its vast nature, as well as the uniqueness of the industry, having an advisor by your side who understands all the aspects of the industry is key to taking your business forward.

Goldbridge Partnership works with clients across the whole property and construction industry. With knowledge on recent changes around Making Tax Digital (MTD), the domestic reverse charge for businesses with in the Construction Industry Scheme (CIS) and experience working with developers and contractors, we have the necessary expertise to be able to advise you.

Our team has experience using industry leading technology providers that not only simplify you accounting function, but also provide you with the tools and information you need to make informed business decisions, which in turn will lead to increased profitability and greater returns on investment.

Who We Help

  • Property Developers
  • Construction Companies
  • Civil Engineers
  • Estate Agents
  • Architects, Designers & Surveyors

  • Corporate, Portfolio & Private Landlords
  • Investors

How We Help

  • Assisting with specific accounting treatments such as revenue recognition, work-in-progress valuations and asset treatments.
  • Advising on tax efficient ownership structures.
  • Providing advice on property and construction related tax and VAT matters.
  • Assisting with capital allowances claims and research and development tax credit calculations.
  • Providing advice on Stamp Duty Land Tax and purchasing property.
  • Assisting with raising finance for property and construction related matters, such as development finance or commercial loans.
  • Connecting you to our network of developers, construction companies, and property related service providers who can help with any problem areas.

Did You Know?

  • Any assets you purchase for your company currently receive an enhanced 130% tax relief. This is particularly relevant for construction companies, purchasing plant and machinery. If you purchase machinery for say £200,000, you receive tax relief on £260,000. This gives a tax saving of £49,400, which is £11,400 more than would normally be available! This is only available until 31 March 2022 though.
  • Research and development (R&D) tax credits are available across the whole of the property & construction sector. An example of this would be architecture and design. Architects and designers frequently use the latest technology to solve scientific or technological problems. Any costs associated with this can qualify for a 230% tax deduction. For a business spending £200,000, a physical tax saving of £87,400 is available!
  • Estate agents operating a client money account for their letting clients are required to have an audit of their client money account transactions each year to ensure they’re acting in the interests of their clients.
  • If a company owns residential property with a value over £500,000, then it must complete an annual ATED (annual tax on enveloped dwellings) return. There are many exemptions in place that remove the associated ATED liability, but a return is still required nonetheless. There are significant penalties for companies who don’t submit their annual return.

Knowledge & Experience

No matter how straightforward or complex your requirements may be, our team has the skills, knowledge and experience to help you and your business.

We have a proven record of helping our clients achieve their goals through our pro-active approach to tax planning. To see examples of how we have helped our clients, please take a look at our case studies.

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