Property Development
Accounting and Tax Advice for Property Developers
Property development can be highly rewarding, but it also involves significant financial risk. A profitable development is about far more than simply buying and selling property, success depends on careful planning, accurate financial information and understanding the tax implications before key decisions are made.
At Hillmans Chartered Accountants, we work with property developers, investors and construction businesses, helping clients understand project profitability, improve cashflow and navigate the complex tax rules surrounding property development.
Whether you are renovating a single property, converting existing buildings or undertaking larger development projects, we can help.
Helping You Make Better Development Decisions
Successful property developers need more than annual accounts and tax returns.
We help clients understand:
* Whether a development project is financially viable
* The likely profit from a proposed development
* Cashflow requirements throughout the project
* The tax implications of different structures
* VAT recovery opportunities
* How profits will be taxed
* When a limited company may be appropriate
By understanding these issues early, developers can often avoid costly mistakes and make better-informed decisions.
Property Development Services
Development Project Planning
Before committing to a project, it is important to understand the financial implications.
We can help you assess potential projects and identify key financial considerations before significant costs are incurred.
Property Development Companies
Many developers choose to operate through a limited company structure.
We can advise on the advantages and disadvantages of different structures and provide ongoing support with accounts, corporation tax and compliance requirements.
Renovations and Property Conversions
From single-property refurbishments to larger conversion projects, we can help ensure your financial records remain organised and your tax obligations are understood.
New Build Developments
New build projects often involve complex VAT and tax considerations.
We can help you understand the rules and identify opportunities to maximise VAT recovery where available.
Joint Ventures and Development Partnerships
Property development projects frequently involve multiple investors or business partners.
We can work with you and your advisers to help structure arrangements clearly and understand the financial implications from the outset.
VAT and Property Development
VAT is one of the most complex areas of property taxation and can have a significant impact on the profitability of a project.
Understanding the VAT treatment before work begins can be crucial.
We can assist with:
* VAT registration
* VAT returns
* Property and construction VAT issues
* VAT recovery on development projects
* Understanding reduced-rate and zero-rated supplies
Related Property Services
Property development is often closely linked to other areas of property taxation and investment.
If you’re building a portfolio of buy-to-let properties, operating HMOs, running Airbnb accommodation or using other investment strategies, you may also find our Property Investment Accounting services useful.
Likewise, if you own rental properties and require assistance with rental accounts, tax returns or Making Tax Digital compliance, please visit our Rental Property Accounting page.
When a development project results in the sale of a property or investment, Capital Gains Tax may also become relevant. Our Capital Gains Tax service can help you understand your reporting obligations and potential tax liabilities.
Why Choose Hillmans?
* ICAEW-regulated firm of Chartered Accountants
* Experience supporting property developers and investors
* Advice focused on profitability and commercial outcomes
* Support with company structures and tax planning
* Fixed fee services available
* Face-to-face support from our Weston-super-Mare office
* Digital support available through our TaxStore® platform
Speak to a Property Development Accountant
Whether you’re planning your first development project or managing multiple developments, we’re here to help.
Contact us to discuss your plans and discover how professional tax and accounting advice can help you make better property development decisions.
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