Property & Construction

Scotland’s property & construction sector has experienced significant challenges in recent years with the ongoing uncertainty in the wider Scottish and UK economies.

However, with the commercial property sector estimated to be worth around £50bn by the Scottish Prconstructionoperty Federation and accounting for just under 6% of Scotland’s GDP it is vitally important sector to Scotland’s economy and future prosperity.

We provide audit, accounting and corporate finance advice to wide variety of clients in the property & construction sector, including, developers, valuers, consultants, architects, surveyors, agents, financiers as well as builders, residential and commercial property businesses and the supply chain to the sector.

Our advice is often required with tax planning typically around corporation tax, transaction taxes and capital gains tax.

We also advise on the implications of SDLT/LBTT and VAT on transactions, trading vs investment properties, available reliefs e.g. entrepreneurial tax relief, directors and partnership taxation, Construction Industry Scheme and tax allowances and exemptions available for individual companies and those within group structures.

Furthermore, we have the expertise required if you are looking to restructure the business to improve your competitiveness and we also can help you undertake due diligence on a specific acquisition be that buying another business, buying new premises or expanding your current operations.

Trading or investing in property? Depending on your response to this question there are a few issues you should consider. For example, should you be taxed at corporate or personal tax rates, what’s the ownership structure, funding plans, how timely do yoresidential propertyu need your accounts including set up and preparation of service change accounts.

Our compliance and advisory services include: