Advice and experience
LMG's wide property client base has made us familiar with the common issues that businesses face when they decide to launch into the property sector. LMG has experience of:
- Advising clients on the most efficient tax structure for their property businesses, based on the specific nature of the project and the tax profile of the investors.
- Help mitigate ongoing tax liabilities by maximising tax deductions for property costs, financing costs and availability or otherwise of capital allowances.
- Helping clients through the intricacies and differing tax consequences of holding property as a long term investment for capital growth (investing) or for short term profit (trading).
- Assisting and advising clients with the impact of indirect taxes such as VAT, stamp duty land tax, capital duties etc.
- Advising tenants and landlords on the tax and accounting consequences of their commercial decisions.
- Assisting clients involved in the Construction Industry Scheme (CIS) ensuring that they adhere to all detailed regulations to ensure that their status is not in any way affected.
- Assisting clients in maintaining reliable accounting records and year end financial statements in a manner to ensure compliance with both Companies Act regulation and accounting standards.