Real estate is real property that consists of land and improvements such as buildings, fixtures, roads, structures, and utility systems. Property rights give the title of ownership for land, improvements, and natural resources such as minerals, plants, animals, water, etc.
It comprises four sub-sectors – housing, retail, hospitality, and commercial. The growth of this sector is well complemented by growth in the corporate environment and demand for office space as well as urban and semi-urban accommodations.
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 UK real estate market 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, Lanop 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.