Property developers

Site by site, scheme by scheme

Development accounting is about the individual scheme: land cost, build cost, finance cost, sales, and what's left. Blended company-level accounts hide the scheme that's underwater, and VAT on development is a minefield of zero-rated new build, reduced-rate conversions and standard-rated everything else.

What we do differently

• Scheme-level profit and loss, with land, build and finance tracked separately
• VAT planning before the first invoice: new build, conversion, option to tax and the DIY scheme where relevant
• SPV structures for each scheme, and the group above them
• Development finance reporting for lenders, in their format
• Corporation tax planning around completion timing and sale

Common issues we inherit

Recoverable VAT lost because a scheme was set up wrongly. Finance costs not allocated to schemes. Stamp duty and CGT surprises on land held personally. Lender reporting done by hand each month.