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Leading accountants Streets to hold series of presentations to help those in the property sector

A leading accounts firm is to hold a series of presentations to help those in the property market.

Streets Chartered Accountants, which has branches through the UK including Cambridge, Newmarket, Grantham and Lincoln, will be holding the virtual event on Wednesday, June 9, between 11am - 12.15pm.

Experts will be providing a special update for those interested in property matters, including investors, developers, and those with residential lettings.

James Pinchbeck, marketing partner for Streets Chartered Accountants.
James Pinchbeck, marketing partner for Streets Chartered Accountants.

The last year has been unprecedented for all including those involved and engaged in the property sector.

The impact of the pandemic has changed the way we work, how we shop and even where we live.

The Streets Property Update will look at both the potential short to longer term impact of Covid-19 and the effect recent changes in taxation will have on those engaged in the sector.

Street Chartered Accountants looks after the accountancy, tax planning and business advisory needs of clients as individuals, businesses and third sector organisations both in the UK and overseas.

As part of its service for clients it offers corporate finance, personal financial planning, cloud accounting, payroll, probate and much more.

The Presentations, are:

Commercial Property Outlook

Dan Francis, Head of Research, Carter Jonas

Will Rooke, Partner, Eastern Commercial team, Carter Jonas

Dan will talk about the economic outlook and the implications for commercial property performance.

Will’s presentation will then delve into the dynamics of the office and industrial markets in and around Cambridge.

To conclude, Will and Dan will give their views on the future of the office and the impact of the shift towards remote working.

Residential Property Changes – what are they?

Jennie Brown, Private Client Tax Partner, Streets Chartered Accountants

Jennie will cover the key changes impacting residential property landlords over recent years. A summary of the topics included are:

  • Annual Tax on Enveloped Dwellings
  • Changes for Non-UK Residents
  • Changes to Stamp Duty Land Tax
  • Principal Private Residence Relief and the Loss of Lettings Relief
  • Restrictions to Mortgage Interest Relief

Commercial Property Tax Reliefs – are you missing out?

Luke Prout, Corporate Tax Partner, Streets Chartered Accountants

Luke will cover specific tax reliefs for property owners and developers undertaking large development or refurbishment projects in the commercial sector.

A summary of the topics included are:

  • Changes in the 2021 budget with the introduction of the Super Deduction for plant and machinery and the 50 per cent tax reduction on integral fixtures.
  • An overview of the difference between revenue and capital expenditure.
  • Land remediation relief – Tax relief for expenditure to restore land and buildings back to their uncontaminated state

James Pinchbeck, marketing partner for Streets, said: "The world of business, not least the property sector, has been impacted by the pandemic over last year.

"It is important all those engaged in the sector are aware of how the markets have changed, what the future looks like only through such knowledge can they take informed strategic business decisions.

"In addition year on year the tax implications of developing, managing and owning commercial property or residential lets change.

"It is therefore important to ensure landlords, developers and investors are informed and familiar with the current tax regime and environment.

Presentations like this provide an ideal forum for such information.

"We are particularly pleased to be joined by fellow professional from Carter Jonas who will provide their insight into the current state of the market, national but particularly in the East of England.

"From our perspective our Property Tax specialists will no doubt give delegates a latest update on tax related to the sector and well as potential reliefs and treatments which are perhaps overlooked."

To find out more, visit: www.streetsweb.co.uk

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