Real Estate Tax Advisory

FTI Consulting is recognised as a leader in tax depreciation and process improvement. Our team has a combination of chartered surveying, chartered tax and chartered accounting skills which make them ideally placed to help bridge the gap between the different stakeholders and professions involved in the preparation and delivery of the tax computations. It has unrivalled experience in providing sustainable solutions that deliver an appropriate balance between compliance, optimisation of tax reliefs and process efficiency.

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With more emphasis placed by stakeholders on corporates to control and improve the manner in which they deal with their tax compliance process, businesses are continually revisiting the way in which they manage tax compliance. This ensures that tax and process risks are minimised and cost efficiencies maximised.

FTI Consulting has significant experience working with a wide range of groups, including REITs, UK-listed and unlisted property companies, and international property investors, developers and occupiers. Our tax advisory, compliance and reporting team provides high-quality, tailored, flexible and cost-effective solutions to tax advisory and compliance issues. This ranges from securing additional resources for in-house teams to assuming the entire tax function for groups or delivering outsourced tax return preparation services.

A significant amount of our senior involvement means we leverage our experience and skills to identify opportunities to maximise value and minimise tax risk.

Our team is experienced in partnering with businesses to provide a wide range of compliance and reporting services, including preparation of corporate tax, income tax, REITs and partnership tax computations and returns, tax provisioning for statutory accounts purposes, making transparency and exemption elections for collective investment vehicles and qualifying companies, preparing and filing Corporation Interest Restriction returns, making the Public Benefit Infrastructure Exemption elections, preparing accounting journals, undertaking tax reconciliations and liaising with auditors, group reporting, including year-end/quarterly reporting and forecasting, under IFRS, U.S. GAAP and UK GAAP, review of tax impact and implementation of IFRS and FRS 101/102 conversions, deferred tax reporting and analysis for both routine reporting purposes and assessment of deferred tax impacts of specific planning and transactions, preparing Annual Tax on Enveloped Dwellings returns, iXBRL tagging service for financial statements in line with HMRC’s online filing criteria for corporate tax returns, dispute resolution with HMRC, senior accounting officer support, and tax reporting improvement and consolidation modelling.

Real Estate is one of the most complex areas for VAT and large transactions create a real risk of error and significant, unnecessary cost. Dealing with implications of VAT is therefore an integral part of the FTI Consulting real estate tax service.

Our team is one of the most experienced and well respected in the market and provides clear, user friendly and commercial guidance to all types of investor, developer and occupier.

Our services include advice on all aspects of the acquisition, holding and disposal process including due diligence, cash-flow planning and Transfer of Going Concern issues, advice to developers, such as dealing with the problems commonly arising with residential and mixed developments, student accommodation, partial exemption and option to tax, and VAT compliance.

In many cases, obtaining the optimum VAT treatment, and the most beneficial cash-flow effect is dependent on elections, registrations and decisions being made and notified at the right time. We manage all of these tasks, liaising with HMRC as appropriate, to ensure a smooth and trouble-free transaction.

Stamp Duty Land Tax (SDLT) (and the Land and Building Transaction Tax (LBTT) in Scotland and the Land Transaction Tax (LTT) in Wales) can be a significant cost for a purchaser, and given the changes in recent years, is increasingly complex for investors to navigate through.

Together, the FTI Consulting team has over 30 years of stamp taxes experience and is able to help our clients understand the relevant pitfalls, opportunities and risks associated with the acquisition, restructuring and leasing of real estate, also assisting clients with dispute management and litigation support, including advocacy. Our team has been part of UK and Scottish government working groups that have inputted into the policies and drafting of the SDLT and LBTT legislation.

Our services also include advice on the application of the annual tax on enveloped dwellings (ATED), including the availability of exemptions and the preparation and submission of ATED returns.

The successful management of employment taxes obligations and reward to incentivise and retain key talent is becoming increasingly complex. Our Employment Taxes and Reward team are technically minded, commercially focused and experienced in addressing these challenges. We can provide practical insights and advice on all employment related tax and social security matters, without limitation to geography.

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