We act for a variety of property related business clients. Due to the large asset value of property companies, the majority of these types of companies will require an audit, even with the alignment of audit thresholds with the small company threshold criteria. Especially if there is a disposal of any properties in a period, it is likely that the audit thresholds will be breached.
Property companies can be complex with complicated group structures, and sometimes involving overseas ownership issues. The whole range of taxes need to be considered when dealing with property related matters, including all the major taxes - income tax, corporation tax, capital gains tax, VAT, stamp duty and in many cases inheritance tax.
We can provide a range of audit services for property type businesses, including audits of service charge calculations.