Commercial Property Accountants

Commercial property can be a significant capital investment to a business. Whether an owner-occupier or someone who seeks rental investment from letting out commercial property, it is vital to work closely with experienced property accountants. When making business or investment decisions, managing a property portfolio in a tax-efficient way, or fulfilling your legal obligations in terms of reporting and bookkeeping, the expert accountants at Monetta can support you to remain compliant.

With a thorough approach and years of experience in the UK commercial property sector, Monetta's experts can help property companies and individual investors to gain insights from financial data, implement effective bookkeeping processes, and save on taxes. Our knowledge of tax reliefs and allowances specific to the property industry means you can structure decisions efficiently, and fill out Income Tax, Corporation Tax or Capital Gains Tax returns, confident in the knowledge that you are only paying as much as you need to.

The thorough approach and detailed knowledge of our property tax specialists can enhance your approach to financial management overall and help you get more value from your commercial property investment. Get in touch today to learn more about our services by calling your local Monetta office, or using our online enquiry form to request a call back.

How Can Monetta Help?

Monetta provides commercial landlords, investors and developers with tax advice, bookkeeping and accounting services to meet their needs comprehensively. Our specialist property accountants can support you with everything from preparing annual accounts and tax returns to delivering financial insights that can help you to make the most of property investments and guide your decisions. With our in-depth knowledge and experience in resolving accounting issues, we can help you to understand what you need and aid you in meeting your legal reporting and tax obligations.

If you need advice on tax planning, the tax position of rental income, claiming capital allowances or land remediation relief, or any other specialist guidance, Monetta can help. Our property accounting experts are thorough and detail-oriented, meaning that we leave no stone unturned when it comes to assessing your property investments and qualifying expenditure, and identifying opportunities to save. Get in touch to learn more about the services provided by our tax and accounting team today.

Property Accounts and Taxes

A Monetta property accountant can offer services related to all of the following aspects of commercial property:

 

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Capital Allowances

A failure to understand and take advantage of capital allowances is one of the key ways that businesses end up paying more tax than they owe. We can assist you when buying, selling, developing or refurbishing a commercial property to ensure that this valuable tax relief is correctly maximised.
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Land Remediation Relief

Land remediation relief was introduced in 2001 in order to encourage the remediation of brownfield land and buildings. In addition to this relief, there is also derelict land remediation relief. Planned expenditure on the remediation of land should be carefully considered to determine whether or not you can benefit from this generous tax relief.
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Partner Services

Capital allowances are a complicated area of taxation that overlaps with other skillsets. When you claim capital allowances on qualifying expenditure, you can enjoy significant tax savings in Income Tax or Corporation Tax.

Capital Gains Tax

When selling property for a profit, you will often incur Capital Gains Tax. This tax can be as high as 28%, meaning that your tax liability from a sale can represent a significant percentage of your profits. However, with a practical approach to capital allowances and a deal structure that is optimised for tax purposes, you can minimise your liability.

Rental Accounts

If you receive rental income as the owner of a commercial property, you must meet legal obligations to report it and calculate your tax liability correctly. Our specialist team takes a thorough approach to these matters and can help you remain compliant while taking advantage of any allowances that could reduce your tax burden.

Beyond our accounting services, Monetta can support you with practical property tax advice that covers all of the nuances of commercial property. Whether you need support filing a tax return under the Making Tax Digital system, or comprehensive tax planning across a property portfolio, we can guide you towards the outcome you are seeking.

Our experience includes all of the following taxes and reliefs as they apply to commercial landlords and businesses:

●       Income Tax;

●       Capital Gains Tax;

●       Inheritance Tax;

●       Stamp Duty Land Tax;

●       Capital Allowances;

●       Land Remediation Relief; and

●       any other taxes that apply

Our approach to tax and VAT returns is comprehensive and focuses on the details, which means we can help you to remain compliant with your legal requirements. There are many moving parts to a property business and it takes an expert team of property accountants to consider the tax implications of all of them. By identifying appropriate allowances and exemptions, Monetta can maximise your profits and minimise the taxes you owe.

Why Choose Monetta?

Managing commercial properties can be a high-risk, high-reward enterprise, but support from an experienced property accountant can help. The team at Monetta has helped everyone from businesses with large portfolios to individual property investors to manage their tax returns, structure their decision-making and fulfil their legal obligations with regard to property accounting.

Monetta's approach is tailored to each client's needs, and our dedicated team will take the time to understand what you are trying to achieve so we can provide the best service in support of your aims. With a thorough understanding of UK property market conditions and the needs of commercial property investment businesses, we can provide practical advice that is relevant to your specific requirements.

Our accounting services can help you to consider the tax implications of any decisions you need to make, and we stay up to date with the latest legal developments, which helps us to keep ahead of any changes that could affect your approach to commercial property management. Monetta’s tax experts can assess your financial position and minimise your Income Tax or Corporation Tax liability through the application of allowances and reliefs. Professional advice from our commercial property accountants can optimise your profitability and tax efficiency.

Contact Us

Monetta's property specialist property accountants have the skills and knowledge to help property investors and businesses of all sizes with their accounting and tax management needs. Commercial landlords, property development companies and individual investors can all benefit from our accounting and tax services.

Contact Monetta today by calling your local office, or fill in our enquiry form to request a call back at your convenience.

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