With 2024 already in full swing, there continues to be quiet optimism that the turbulence and unprecedented challenges SMEs have had to face over the last few years, is making way for a more stable economic environment.
Since the start of the global pandemic, firms have had to contend with inflation hitting a 30-year high, a once-in-a-generation energy crisis, interest rates seeing the steepest series of increases in decades, the pound falling to a record low against the dollar and the outbreak of war in Ukraine and between Israel and Hamas.
Relatively few businesses in the construction and real estate sector will have escaped these unprecedented challenges unscathed, but many have been able to overcome, adapt, and in a number of cases, prosper.
In this edition of Real Estate Matters, we take a look at several issues which businesses in the construction and real estate sectors should be aware of, such as CIS Gross Payment Status, the Corporate Tax Landscape and associated companies, Residential Property Developer Tax and a whole host of other topics.
Read the key articles from this edition of Real Estate Matters below:
More Construction & Real Estate insights below:
How to qualify CIS Gross Payment Status
For a subcontractor registered under the construction industry scheme (CIS), obtaining gross payment status can be crucial to maximising cash flow.
Navigating the New Corporate Tax Landscape: Associated Companies from April 2023
As of 01 April 2023, the landscape for corporate taxation in the UK has undergone a significant shift, with the return of some old rules on associated companies.
Business rating of holiday cottages
From April 2023, new eligibility rules for business rates apply to self-catering properties
National Insurance on Car Allowances – a refund opportunity?
Employers can claim a refund of National Insurance Contributions (NIC) from HMRC in relation to employee car allowances paid to employees who use their own vehicles for business journeys.
Download a copy of the Spring 2024 Real Estate Matters edition using the link below:
Real Estate Matters Spring 2024
Get in touch
As always, we are on hand to provide guidance and support. If you would like further information on any of the issues covered, please get in touch.
