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Real Estate

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. 

AURANGZAIB CHAWLA

Aurangzaib Chawla

Tax Partner

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THE UK'S BEST

Real Estate Accountants

Sole Traders
Affordable Cost
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Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in London provide practical and efficient solutions to all your accounting needs. 

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

For property development, sale, and acquisition, real estate developers require advice and support from financial experts. Lanop delivers unmatched services when it comes to real estate accounting, whether it’s a domestic buy-to-let investment, a part of an investment portfolio, or just an acquisition to accommodate business growth. 

At Lanop, we ensure that the buyer is being steered in the right direction by advising them on various tax reliefs while purchasing property, such as SDLT, so they can save money and not spend an extra penny on stamp duty. 

Our specialised advice on rental income and capital gains tax statements, as well as assistance in anticipating optimum investment opportunities for real estate development through meticulous business structure analysis, is the best deal in town. Lanop ensures deadlines are met, and penalties are avoided by preventing delays in submitting and preparing tax statements for individuals and businesses owing and submitting taxes on commercial and residential property. 

We work with a variety of property categories, such as landlords, property developers, residential properties, commercial properties, and subletting. We handle all the details so you can focus on your business. Call Lanop right now and become part of our expanding portfolio of high-end real estate developers.  

Broadly speaking, real estate includes the physical surface of the land, what lies above and below it, what is permanently attached to it, plus all the rights of ownership—including the right to possess, sell, lease, and enjoy the land. The UK real estate sector employs more than half a million people and generates more than £68 billion a year. 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.  

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.

IMPACT ON ECONOMY

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. 

THE RIPPLE EFFECT

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.  

NATIONAL DEVELOPMENT AND PROGRESS

The real estate sector is responsible for the development of the infrastructure of a nation. A functioning and efficient real estate sector dictates the pace of progress of a state. Real estate developers profit by adding value to land, such as creating buildings or improvements or re-zoning and taking a risk in financing a project. Progress is also defined by cultural progress, a big part of which is developing areas of a country that lag on the economic front. Thus, the real estate sector is literally the lifeblood of modern economies.  

INVESTMENTS

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.  

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WHAT CLIENT SAYS

ABOUT US

Excellent
Based on 102 reviews
Steven George-Hilley
Steven George-Hilley
2022-08-09
Our accountancy partners from the very beginning. A great team that tailors its services around the needs of the client, always available for advice, whenever its needed. Love working with them.
Asfand tahir
Asfand tahir
2022-07-01
I really don’t know where to start from i can not explain my happiness into words i can try but for sure there must be so many praises remains at the end Thanks indeed indeed Zaib And Lanop all team you guys are amazing i would say if I didn’t have you guys i would have been failed in many things All credit to Lanop what a brilliant firm Lanop Its all about you Zaib And Rehmat Thanks indeed you have done amazing job due to your work i have got my Tier 1 extension application successful within 47 days I can’t believe that i am so happy what a job you did I would advise Everyone come to Lanop for 100% guaranteed success in your immigration matters and all other accounting purposes Trust me, When name comes to success and successful it means Zaib. Big thanks to Rehmat What a team i had they are so lovely i disturbed them alot but they answered me every time For all my enquiries Rehmat the legend thanks indeed no words for you words are far behind, can’t explain you in words Rehmat and Tahir sorry I disturbed you alot and indeed you still helped every time. Rehmat is Very very professional the way he works I don’t think anyone does that way in entire country. Sidra Thanks alot for amazing help indeed You are amazing I dont know how to say how much i am happy from your work as well Kainat you too thanks alot Rehmat all credit goes to you thanks alot without your help I won’t be able to write all this today I am so grateful to you all What a team. Make sure guys you join Lanop without wasting anytime. Lanop Accountants ZINDABAD
jas singh
jas singh
2022-01-10
I have been a client of Lanop Accountants for the last 4 years and am extremely happy with their services. Zaib and his entire team is extremely professional and dedicated; they always respond swiftly and take personal interest in the business case. I have special words of praise for Rehmat and Waqar as they both helped me in my visa extension process immensely. Zaib has built a team of dedicated professionals and the work ethics speaks volumes about their firm. I would definitely recommend them!
Vinnit Patel
Vinnit Patel
2021-12-03
Very professional services, extremely pleased with the advice and work carried out on our accounts.
László Kohányi
László Kohányi
2021-10-12
I like their flexible approach. I had a bunch of small problems what was too little to big firms but too big for me. They explained the process, fees etc and solved my troubles. Price wise also been on the better side. Personally I recommend Rehmat. He is super responsive.
Alexey
Alexey
2021-05-18
Having been a client of Lanop Accountants for nearly 5 years, can't recommend them highly enough. Great professional team working 24/7 to meet every customers's need.
Eda Kendirli
Eda Kendirli
2021-05-04
Best and accurate service. Saved me so much time and money.
Femi Yusoof
Femi Yusoof
2021-01-29
I have been using Lanop Accountants for more than 3 years, and could not recommend them more highly to any one starting out in business or established business practice. Their professionalism, promptness and excellent customer service makes them in my opinion second to none.
JN
JN
2021-01-22
I used Lanop accountants to file some paperwork with HMRC as a non-dom resident. I’ve been very happy and impressed with their work so far. Zaib has been very knowledgeable and helpful. I recommend them and plan to use them again.

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.  

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Real Estate
Specific Accounting Services

  • Project Planning & Evaluation
  • Industry and Market analysis
  • Bids & Contracts
  • Annual Accounts
  • Management Accounts
  • Advice on Financial Strategy
  • Budgeting
  • IR35 rules
  • VAT and paye support
  • Cash flow and revenue forcasting
  • Raising finance
  • Pension Advisory
  • Profitability & Expense Analysis
  • Construction industry scheme (CIS)

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