Real Estate

Real Estate Accounting Service

The UK real estate sector employs more than half a million people and generates more than £68 billion annually. Despite the Covid crisis, the real estate industry is continually growing. The real estate industry UK is estimated to be worth more than £5.75 Trillion. Real estate developers need the assistance and guidance of financial professionals for the development, sale, and purchase of real estate. Whether it’s a domestic buy-to-let venture, a component of an investment portfolio, or simply a purchase to support business growth. Our efficient Real Estate Accounting Service provides unrivalled real estate accounting services. At Lanop, we make sure that the buyer is guided in the correct route by providing them with information on different tax reliefs, such as SDLT, that may be used to save money and avoid paying more stamp duty.   

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Real Estate Accountants

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Accounting services for UK-based real estate developers encompass financial management of property development projects, including budgeting, expense tracking, revenue recognition, and compliance with UK-specific regulations.

UK real estate accounting addresses tax implications, Stamp Duty Land Tax (SDLT), Capital Gains Tax (CGT), VAT on property transactions, and adherence to HMRC regulations.

UK real estate developers rely on financial reports like income statements, balance sheets, and cash flow statements to attract investors, secure financing, and gauge project performance.

Real estate accounting ensures accurate valuation of properties, considering factors like market trends, depreciation, and fair value measurements.

In real estate, two accounting methods are used:

  1. Cash Basis: Records transactions when cash is exchanged, offering a clear view of cash flow.
  2. Accrual Basis: Recognizes income and expenses when incurred, providing a more comprehensive picture of financial performance.

Why Choose LANOP Business & Tax Advisors in UK?

Real estate represents an attractive asset class for institutional investors such as pension funds, insurance companies, and sovereign wealth funds. This maximises investment opportunities and returns for pensioners and savers from around the world and makes large urban regeneration projects possible, such as at Battersea Power Station and Greenwich Peninsula. Overseas investors are attracted to the UK by its political stability, robust legal system, high-quality assets offering good long-term return opportunities, and relatively benign tax environment.   

Choose LANOP if you are looking for accounting, tax, and bookkeeping services in the UK for architects and construction firms. We provide Accountants and Tax Advisors who meet the construction firm’s requirements. We combine our business advisory experience and expertise with strategic advice to increase your profitability. Are you searching for an experienced business and tax advisor? At LANOP, our team of accounting experts provides specialized accountants for architecture and construction industry, helping you with bookkeeping, payroll, taxation, year-end accounting, planning, and structuring, budgeting, and forecasting, performance appraisal, and profit management.   

Accounting Services available for Real Estate Industry in UK:

Accounting services for UK-based real estate developers encompass financial management of property development projects, including budgeting, expense tracking, revenue recognition, and compliance with UK-specific regulations. 

Tax considerations Vital in Real Estate Accounting:

Accounting services for UK-based real estate developers encompass financial management of property development projects, including budgeting, expense tracking, revenue recognition, and compliance with UK-specific regulations. 

Financial Reports Crucial for UK Real Estate Industry:

UK real estate accounting addresses tax implications, Stamp Duty Land Tax (SDLT), Capital Gains Tax (CGT), VAT on property transactions, and adherence to HMRC regulations. 

Real Estate Accounting and Property Valuation:

Real estate accounting ensures accurate valuation of properties, considering factors like market trends, depreciation, and fair value measurements. 

Methods of Accounting in Real Estate:

In real estate, two accounting methods are used: 

Cash Basis:

Records transactions when cash is exchanged, offering a clear view of cash flow. 

Accrual Basis:

Recognizes income and expenses when incurred, providing a more comprehensive picture of financial performance. 

Role of Accountants in the Real Estate Industry

The role of accountants in the real estate industry is multifaceted and critical to the success of real estate businesses. Accountants play a crucial role in maintaining financial records, providing financial analysis and reports, managing budgets, and ensuring compliance with financial laws and regulations.  

Record Keeping: Real estate companies generate a large amount of financial data, and it is the accountant’s responsibility to keep accurate and up-to-date records of all transactions. This includes recording sales, expenses, rents, and mortgages.  

Budgeting and Financial Planning: Real estate companies must manage their budgets effectively to ensure they have sufficient resources to carry out their operations. Accountants work with real estate developers and managers to create budgets and financial projections, and they help to monitor and control expenses to ensure that budgets are met.  

Financial Reporting: Accountants are responsible for preparing and presenting financial reports, including balance sheets, income statements, and cash flow statements. These reports help real estate companies to evaluate their financial performance, make informed decisions, and communicate their financial health to stakeholders.  

Taxation: Real estate companies are subject to various tax laws and regulations, and accountants play a crucial role in ensuring that the company complies with all tax requirements. This includes preparing and filing tax returns, calculating and paying taxes, and providing advice on tax planning and minimization strategies.  

Auditing: Accountants also perform internal audits to ensure that the company’s financial records are accurate and in compliance with accounting standards. They also help with external audits conducted by independent auditors.  

Compliance: The real estate industry is regulated by various laws and regulations, such as the Real Estate Settlement Procedures Act (RESPA), the Fair Housing Act (FHA), and the Equal Credit Opportunity Act (ECOA). Accountants help real estate companies to comply with these laws by providing guidance on legal requirements and ensuring that financial records are maintained in compliance with applicable regulations.  

Accountants play a critical role in the success of real estate businesses. They help companies manage their finances, ensure compliance with financial laws and regulations, and provide valuable insights into the company’s financial performance.   

Meet Our Experts

Our team consists of skilled and experienced accountants and financial advisors. These professionals can assist individuals, entrepreneurs, business partners, and larger ventures with their financial and accountancy acumen. 

Real Estate Specific Accounting Services

Real estate plays an integral role in the economy. Residential real estate provides housing for families. It’s the greatest source of wealth and savings for most people. Commercial real estate, which includes apartment buildings, creates jobs and spaces for retail, offices, and manufacturing. Real estate business and investment provide a source of revenue for millions of people. Construction is the only part of real estate that is measured by GDP. But real estate affects many other areas of economic well-being that aren’t measured. For example, a decline in real estate sales eventually leads to a decline in real estate prices. That lowers the value of all homes, whether owners are actively selling or not. It reduces the number of home equity loans available to owners.   

  1. Bookkeeping 
  2. Payroll 
  3. Project Planning & Evaluation 
  4. Industry And Market Analysis 
  5. Bids & Contracts 
  6. Annual Accounts 
  7. Management Accounts 
  8. Advice On Financial Strategy 
  9. Budgeting 
  10. IR35 Rules 
  11. VAT And Paye Support 
  12. Cash Flow And Revenue Forcasting 
  13. Raising Finance 
  14. Pension Advisory 
  15. Profitability & Expense Analysis 
  16. Construction Industry Scheme (CIS) 

Real Estate
Specific Accounting Services