SAN Group is a multinational corporation that operates across five continents, offering innovative solutions in animal health, crop protection, and food safety. Their business strategy centres on three key pillars: Plant Health, Animal Health, and Planet Health. This structure supports their long-term vision of contributing to a sustainable future.
With ambitions to expand into Mexico, SAN Group required the guidance of a professional services firm with both local expertise and global insight. They sought a partner who could navigate Mexico’s regulatory landscape while aligning with their global operational standards.
The Challenge
When SAN Group decided to establish its operations in Mexico, they faced several challenges. From navigating complex legal and tax frameworks to managing the operational setup, they needed a partner who could provide local insight while ensuring global business continuity. Establishing a new entity required expert knowledge of local compliance, tax regulations, and business structuring to ensure a smooth and cost-effective entry into the market.
Choosing Kreston FLS
SAN Group partnered with Kreston FLS, who provided tailored guidance from the outset. With Enrique Pastor, Partner at Kreston FLS, leading the collaboration, the firm worked closely with SAN Group’s headquarters and Brazilian teams to devise an operational structure for Mexico that minimised costs and risks while maximising benefits.
Kreston FLS advised on the optimal corporate structure, aligning with SAN Group’s global values and business strategy. They ensured compliance with local laws, provided monthly financial reports, and offered expert tax advisory services to meet the stringent demands of Mexican regulatory authorities.
Results
Since 2016, Kreston FLS has been an integral partner in SAN Group’s successful expansion into Mexico. They delivered professional and timely advice, ensuring that SAN Group’s operations in Mexico remained compliant, efficient, and strategically aligned with their global objectives. By managing financial reporting, tax advisory, and compliance, Kreston FLS enabled SAN Group to focus on their core business and growth.
“Kreston supported us in implementing our business unit in Mexico, always working with great professionalism and transparency.” – Ricardo Felix, Regional Finance Director, AMERICAS
News
Latest Kreston Reeves Corporate Finance deals
July 1, 2024
London: The Kreston Reeves Corporate Finance team have recently played a pivotal role in two significant financial developments for major infrastructure and cleantech companies.
The firm’s Corporate Finance team has successfully advised a global infrastructure services provider on securing a £5 million funding facility from HSBC. This facility is the first of its kind provided by HSBC in the UK. The London-based infrastructure company is known for its rapid growth and involvement in some of the largest construction projects worldwide, including data centres, utilities, and aviation projects across Europe.
Craig Dallender commented, “We are delighted to work alongside this infrastructure services company and HSBC on this innovative funding facility. It will further contribute to the growth and development of this market-leading infrastructure developer. Kreston Reeves has a strong Corporate Finance team that can bring forward new and novel funding facilities for UK businesses.”
The infrastructure company’s Chief Financial Officer added, “As a company, we never stay still. We embrace change and thrive on new challenges, constantly looking to break into new sectors, new countries, and new opportunities. This funding facility from HSBC will help support that, and we thank Craig and the Kreston Reeves team for their support in securing this new facility.”
In another significant development, Kreston Reeves acted as Reporting Accountants for Time To ACT plc on its admission to the Aquis Stock Exchange (AQSE). Time To ACT plc, which was admitted on 29 May 2024, is the first admission of the year. The Middlesbrough-based company focuses on cleantech, renewables, and energy transition opportunities, with two main operating divisions: Diffusion Alloys and GreenSpur.
Diffusion Alloys supplies diffusion coatings that protect metal components in high-temperature and corrosive environments, such as hydrogen and nuclear energy generation. GreenSpur has developed innovative electrical generator designs for the wind industry that eliminate the need for Rare Earth magnets and copper coils without any loss in performance.
The Kreston Reeves team, led by Craig Dallender, Sakshi Gupta, and Senior Manager Jeremy Marshall, guided Time To ACT plc through the listing process.
Craig Dallender expressed his enthusiasm, stating, “We are thrilled to have worked alongside the TTA team on its admission to the Aquis Stock Exchange. It is an exciting step in its continued growth journey. Kreston Reeves has a strong reputation and track record in acting as Reporting Accountants to companies wishing to list on the Aquis exchange and shows the strengths we have to help businesses grow through listings, fundraising, and mergers and acquisitions.”
Chris Heminway, Executive Chairman at Time To ACT plc, remarked, “Listing on the AQSE Growth Market marks a significant milestone for the company, and I would like to thank the Kreston Reeves team for their assistance in making this day a reality. Time To ACT is committed to fostering innovation in this sector and developing engineering-led solutions for a cleaner, greener world. Being listed on the AQSE Growth Market will play an important role in helping us to deliver on this commitment.”
These achievements underscore Kreston Reeves’ expertise and dedication to supporting businesses through innovative funding solutions and strategic market listings.
If you would like to speak to one of our corporate finance experts, please get in touch.
Aurore Calvi is the Managing Director of OmniTrust. With a distinguished career spanning over 25 years in a Big Four accounting firm and various fiduciary organisations, she has held the position of CFO at Capita Assets Services/Link starting in 2009 and became a CSSF-authorised director in 2015, a role she fulfilled until her departure in late 2018. In 2019, she founded OmniGroup. Since 2022, she has been a board member of the Order of Chartered Accountants of Luxembourg, representing small and medium-sized firms within the profession at the board level.
New Luxembourg property law aims to revitalise housing market
June 17, 2024
A new Luxembourg property law enacted in May 2024, aims to invigorate the housing market, which has recently faced challenges due to rising interest rates and construction costs. This legislation introduces several measures designed to encourage property transactions, stimulate investment, and support social housing. Here’s a closer look at the main provisions of this new law:
Changes under the new Luxembourg property law
Capital Gains on property sales
For the year 2024, capital gains from property sales will benefit from a reduced tax rate of 10.5% for properties held for more than two years. This is a significant reduction compared to the standard rate and aims to boost property transactions. However, starting from January 1, 2025, this favourable tax treatment will only apply to properties held for over five years. Properties sold within five years of purchase will be subject to the standard progressive tax rates.
Rental income from real estate
To incentivise the rental market, the law increases the tax exemption on rental income from social rental management organisations to 90%, up from 75% in 2023. Additionally, for properties purchased in a future state of completion intended for rental housing between January 1 and December 31, 2024, a special construction deduction of 4% is introduced. This deduction is capped at 250,000 euros.
Financing the principal residence
The deduction ceiling for mortgage interest related to financing a principal residence is increased. For the first five years, the ceiling is set at 4,000 euros per person. This decreases to 3,000 euros for the subsequent five years and to 2,000 euros thereafter, making home financing more affordable.
New rental allowance
To support young employees, a new rental allowance has been introduced. Effective from June 1, 2024, employers can offer a rental allowance to employees under 30 years old with a 25% tax exemption, capped at 1,000 euros per month. This measure aims to alleviate housing costs for young workers.
Rental Tax Credit
Investors purchasing rental properties will benefit from a tax credit of up to 20,000 euros, documented by a notarised deed between January 1 and December 31, 2024. This credit is intended to reduce acquisition costs and stimulate investment in rental properties.
Reactivation of Deferred Capital Gains
The law reactivates the scheme allowing deferral of capital gains tax when reinvesting in new property intended for social rental management or achieving an A+ energy performance rating. Investors can defer capital gains tax until the new property is sold, provided the reinvestment occurs by the end of 2026.
Exemptions for Sales to Public Entities
The exemption on capital gains from the sale of properties to the state, municipalities, and municipal syndicates has been extended to include sales to the Housing Fund. This measure aims to encourage transactions with public entities, promoting social housing projects.
Conclusion
These fiscal and legislative reforms present substantial opportunities for both investors and residents, fostering the revitalisation of Luxembourg’s real estate market. For further details or assistance regarding these measures and their application to your real estate projects, our team is ready to assist you.
If you would like to talk to an expert about buying property in Luxembourg, please get in touch.
News
New Netherlands firm joins the Kreston Global network
De Beer is an audit and accounting firm that was established in 1952. De Beer has nine partners and 106 staff in total. It operates from two offices in the south of the Netherlands and offers audit, international and domestic tax and accounting services to a range of SME and private clients. Industry specialisms include trading, real estate and logistics.
The addition of De Beer to Kreston Global’s network further extends its European region, which consists of 62 member firms across 33 countries providing a range of financial, audit and accounting, taxation and other advisory services to large and mid-sized businesses requiring inbound and outbound growth support and set up.
Liza Robbins, Chief Executive of Kreston Global, said:
“The addition of De Beer to our large number of both Dutch and European firms is a great move. Our nine Netherlands member firms together represent over e100m in revenue and collaborate closely on clients and operational matters to share knowledge and expertise widely. It will be wonderful to see Wil and the team at our next European conference and to hear more about their plans.”
“We are really excited to have become a member of the Kreston Global network. The network has an extensive international footprint which will benefit our clients as well as our people. We have also found the Kreston Netherlands member firms extremely welcoming and we are very much looking forward to working with them closely for example on the Dutch Zero Co2-projectto support clients with ESG issues, and to meeting the rest of the network in due course.”
News
Luxembourg firm joins Kreston Global network
April 18, 2024
Kreston Global has today welcomed Luxembourg firm Global Osiris Audit & Expertise to the Kreston Global network.
The firm offers Audit and Assurance, Corporate Recovery and Insolvency services to national and international privately-owned entrepreneurial businesses across Luxembourg and across Europe. The firm deals with a variety of industries including technology, financial services, real estate, food manufacturing, hotels and consultancy organisations.
The addition of Global Osiris Audit & Expertise to Kreston Global’s network ensures a strengthening of accounting provision across its substantial European region, which consists of 61 member firms across 33 countries providing a range of financial, audit and accounting, taxation, and other advisory services to large and mid-sized businesses requiring inbound and outbound growth support and set up.
The firm will be rebranding to become Kreston Osiris Luxembourg over the next few months.
Liza Robbins, Chief Executive of Kreston Global, said:
“We are really pleased to welcome Global Osiris Audit & Expertise to our European region and our network as it brings a range of complimentary solutions for our Luxembourg service offering as well as considerable experience of operating within international networks. The firm will be a strong addition to our member firm lineup especially as it is located in such a key financial centre.”
Olivier Janssen, Managing Partner at Global Osiris said:
“We chose Kreston Global because of its member firm ethos and its great reputation for servicing entrepreneurial international businesses around the world. We can see enormous potential in our collaboration with Kreston and the network’s excellent member firms worldwide.”
Len leads the VAT team and brings a wealth of experience and a practical approach to provide user-friendly VAT advice and get the best solutions for his clients.
Len helps his clients navigate UK and global VAT systems to ensure they know what to expect, get it right, and above all know they are in good hands so they can focus on their priorities and achieve their goals.
Over many years’ experience, first as a VAT inspector at HMRC, and leading VAT teams at large accounting firms in Scotland and the South West, he has advised clients in most sectors, with specialisms including Education, particularly FE Colleges, International Trade, Cross-border transactions, Group Structures, Property, Partial Exemption, and of course dealing with HMRC.
Understanding VAT implications on UK residential property
November 14, 2023
Understanding the VAT implications on UK residential property and the impact of interim rental for new residential properties, including strategies for VAT recovery, HMRC’s adjustment policy, and alternative approaches, is essential for investors with portfolios in the UK.
Recovering VAT on UK residential property development
When housing developers construct or convert properties for sale, they can generally recover VAT incurred on development costs. This includes VAT on land or property purchases and associated legal and professional fees, which can represent significant amounts.
VAT implications on UK residential properties carrying out interim rental
Interim rental of these properties, prior to sale, can change their VAT status from zero-rated sales to exempt rentals. This shift can potentially lead to a clawback of recovered VAT to HM Revenue and Customs (HMRC).
HMRC’s Fair Adjustment Policy
In response to market slowdowns, like in 2008, HMRC introduced a policy allowing a fair and reasonable VAT adjustment. This policy, aimed at reflecting both the temporary exempt use and intended sale, can lead to reduced VAT clawbacks or no adjustment, depending on specific factors such as the rental period and projected sales value.
Alternative strategies: Sales to group companies
Another strategy is selling new residential properties to a group company before renting them out. This approach can secure VAT recovery on development costs by ensuring a zero-rated first sale, though it must be weighed against other commercial, legal, and tax considerations, including Stamp Duty Land Tax (SDLT) and Corporation Tax.
Mark is a Duncan & Toplis’s Management Board member and head of tax advisory services, covering all of their 11 offices. Mark has particular expertise in international structuring and corporate and property taxes. Mark is head of international tax for the firm while also heading up their corporate and business tax group and property tax departments. He has extensive experience of tax planning and due diligence having worked on many large property transactions, corporate restructures, acquisitions and disposals. Mark thrives on adding value to his clients and having a great team culture. Mark was made Chair of the Global Tax group at Kreston in June 2020.
UK property-owning overseas entities face ‘severe sanctions’ under new rules
August 18, 2022
What do I need to know about the change in legislation for UK property-owning overseas entities?
Retrospective registration to the government’s new scheme is essential to avoid hefty fines and jail time for those in breach of the revised rules.
Critically, this doesn’t just apply to new or prospective foreign entities who wish to purchase land or property on Britain’s shores – it is also retrospective. As a result, any overseas entity that has purchased UK-based property since 1 January 1999 (or 8 December 2014 for those with property in Scotland) must register with the new scheme by 31 January 2023 or risk fines of £2,500 per day – and other significant penalties limiting trade.
Speaking of the scheme, Business Minister Lord Callanan said: “By getting this first of its kind register up and running at breakneck speed, we are lifting the curtain on those criminals attempting to hide their illicitly obtained wealth.”
Companies House Chief Executive Louise Smyth said: “The launch of this new register is a significant milestone in the history of Companies House and marks a turning point in our transformation as we look to play a much greater role in tackling economic crime.”
Clearly, we are fully in favour of interventions which can effectively root out criminals hiding money in assets within the UK, but making this change retrospective will, in our view, also give honest investors only a short window in which to avoid a heavy financial penalty.
Who does it apply to?
Any overseas entities that want to buy and sell UK property, or have historically. This applies to all property owned in England and Wales from 1 January 1999. Similar rules apply for property owned in Scotland from 8 December 2014. This only applies in Northern Ireland to properties now bought after 1 August 2022.
What is a registrable beneficial or managing officer?
The rules vary depending on the type of entity (for example, an individual person, public authority, trust or trustee) but it typically means members of the company that hold, either directly or indirectly, 25% of shares or voting rights within the enterprise.
Anyone who holds significant influence within your organisation could feasibly fall under this umbrella, so make sure you speak to an agent about any concerns or questions you might have in identifying those liable.
What if I miss the deadline?
Overseas entities only have until 31 January 2023 to register. If you do not comply with the Act, you could be fined up to £2,500 per day or get a prison sentence of up to 5 years. You’ll also face restrictions when buying, selling, transferring, leasing or charging property or land in the UK.
What do I need to do?
If you are a registrable beneficial or a managing officer of a UK property-owning overseas entity, you must register with the Register of Overseas Entities (RSE) within the next few months.
According to Gov.UK, the RSE is “held by Companies House and requires overseas entities that own land or property in the UK to declare their beneficial owners and/or managing officers. There will be severe sanctions for those who do not comply, including restrictions on buying, selling, transferring, leasing or charging their land or property in the UK”
You will need to ensure that the registrable beneficial owners or managing officers undergo extensive validation checks before your entity can be officially approved and registered. This process is supervised under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 and they can only be carried out within three months prior to your registration date.
Your agent will be able to advise you on the evidence you will need to provide on the registrable beneficial and managing owners. There is a small fee of just £100 to sign the register – which might put off some businesses – but the potential consequence of not doing so is a fine of up to £912,500 per year and even up to 5 years in prison
Why Kreston Global?
Kreston Global can undertake every element of the registrations and required verification checks on your behal We aim to build trust and confidence in the short and long-term goals of your business, with our clear and comprehensive understanding of the global tax landscape for property-owning overseas entities. Our services cover UK-based or international businesses. So, no matter the size of your company, we can help.
Get in touch with one of our overseas entity tax experts today to meet the 31 January 2023 deadline or speak directly to Mark Taylor’s team here.
News
Spanish property investment; tax rules
March 11, 2022
Investment in Spanish property, particularly by British investors, has been growing in popularity since the early 2000s, as expats look to retire in the sun, or spending cold winters in Spain and returning in the Spring.
This common practice could be subject to double taxation rules and those looking to invest in Spanish property should consider how long they intend to stay at the property to determine the Non-Resident Income Tax (NRIT). Habitual residency is defined as spending more than 183 days in Spain during a calendar year or when the main core or base of their activities or economic interests is located in Spain. Residency in Spain is assumed when the spouse and minor children are habitual residents in Spain.
Researching tax residency and any double taxation laws between the domicile country and Spain is critical before buying or selling property, however, double taxation treaties signed by Spain tend to claim tax on the sale of a property, in accordance with the Non-Resident Income Tax (NRIT).
NON-LEASED PROPERTIES Next, a distinction must be made between leased and non-leased property. Residential property can be subject to Personal Income Tax (PIT), meaning that non-residents must declare them each year as real estate capital gains:
Normally 2% of the cadastral value of the property.
1.1% of the cadastral value when this has been revised in the same tax period or in the previous 10 years.
If there is no cadastral value or this has not been notified to the owner of the property, 1.1% will be applied to 50% of the higher of the following values: the value ascertained by the Administration for the purposes of other taxes or the price, consideration or value of the acquisition.
It should be noted that the tax rate for citizens of the EU and European Economic Area (EEA) states is 19%, with effective exchange of tax information (Iceland and Norway). For all other taxpayers, the tax rate increases to 24%.
LEASED PROPERTIES
Rates as above, but commercial properties must pay withholding tax to the Tax Authorities on rent. This withholding tax, 19% in the case of EU citizens or Iceland and Norway and 24% in all other cases, will exempt the owner from making the aforementioned quarterly declarations. Rental-related expenses are tax-deductible for EU citizens and Iceland and Norway.
The 60% reduction provided for in the PIT is not applicable to income from rental housing and that is per property, so it is not possible to offset them.
Value added tax (VAT)
Non-resident landlords, subject to VAT, are defined as
If the lessor is obliged to provide complementary services typical of the hotel industry (eg Airbnb).
VAT will be charged at 10%, will need to register and file VAT returns quarterly.
If the lessor is not obliged to provide services typical of the hotel industry, two situations can be distinguished:
a) Renting to a long-term tenant is VAT exempt.
b) If the rental of the property is not exempt, the Central Economic-Administrative Court in its ruling of 20 November 2016 applies, endorsed by the Directorate General of Taxation in various consultations (CV1145-17, CV2915-17 and CV 2897-18). VAT obligations therefore only apply to long term rental agreements. Simply owning a property in this instance does relieve landlords from VAT. Rental of subject and non-exempt leases (offices, commercial premises, warehouses, etc.), are as follows:
If the rental is managed: the non-resident owner must register as a lessor, will have to charge VAT at 21% on invoices and must submit quarterly returns for this tax.
Non-managed: no VAT obligations. The tenant will be obliged to declare both VAT due and input VAT at the same time in his returns.
Usual VAT recovery on purchase and maintenance of properties apply, depending on if the non-resident is established or not in Spain:
a) Non-resident/permanent establishment – should input tax paid in the VAT forms that he/she files periodically (form 303).
b) Non resident/non permanent establishment- should apply for a VAT refund through the non-established refund procedure:
If the non-resident is established in a country outside the EU, a reciprocal treatment agreement must be in place in order to apply for input VAT payments (Canada, Israel, Japan, Monaco, Norway, Switzerland and the United Kingdom). The application must be made to the Spanish Tax Agency, using form 361, no later than 30 September of the year following the year in which the VAT was borne.
If the non-resident is established in the EU, he/she may apply for a refund of the VAT paid in Spain in his/her Member State of residence, without any additional requirement, on the form that the Tax Agency of his/her country has indicated for this purpose.
For further tax advice on the selling of Spanish property, please visit our Spanish member Kreston Iberaudit website, here.
The two new members are now both group leaders in their e-teams, Kreston Egypt now specialising in individuals moving in or out of Cairo and McLean Delmo Bentleys now responsible for the same in Melbourne.
The two firms are working with our two global mobility partners; Expatland, who co-ordinate the e-teams all around the world, offering one-stop service, organising everything from expatriate tax to finding a school, for their clients. andHarmony Relocation, a global relocation expert.
If you are moving abroad or looking to move staff overseas, the Kreston Global mobility network can offer tax advice and co-ordinate all other services, from organising a visa to moving your house contents to another country.
Learn more about our network and how we can help you and your employees move country.
News
Kreston Menon launches latest investment guide for ‘Doing Business in Dubai’
Dubai-based member firm, Kreston Menon, has launched the seventh and latest edition of ‘Doing Business in Dubai’, a guide to investment in Dubai, UAE.
The publication was recently launched by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, and Kreston Menon partners, Raju Menon, Chairman and Managing Partner, Kreston Menon and Sudhir Kumar, Senior Partner and Head of Corporate Communications. The handbook is approved by the Business Registration and Licensing Department of the Dubai economy.
The publication has been celebrated in the press for raising the profile of Dubai, its free zones and offers a comprehensive understanding of the setting up process of Dubai International Financial Centre (DIFC) and on Nasdaq Dubai which allows companies to benefit from a unique investor pool that combines regional and international wealth. The guide is a great resource for start-up businesses, looking to benefit from the various support and incubation programmes provided by Dubai.
‘Doing Business in Dubai’ highlights the competitive start-up ecosystem of Dubai and acts as a guide for the innovative and enterprising youth from all over the world, as the book emphasizes on the various Startup Support initiatives and Business Incubation and Acceleration facilities provided by Dubai.
The book provides a complete overview of the incorporation process in the Mainland and Free Zones of Dubai, and helps the investor have clear understanding of the costs, impacts and benefits of each jurisdiction on his business. It also offers guidance on setting up in the Dubai International Finance Centre, and on NASDAQ Dubai, giving access to a unique investor pool.
The handbook gives insight into the decisive economic measures and new amendments to the residency and investment legislation initiated by the leadership of UAE which has stimulated the flow of foreign investments into the country. 30, 000 copies have been distributed around the region, including banks and high profile business events, such as the 2020 Expo in Dubai.
JCHX Mining is a major service provider focusing on engineering, mine construction, underground development, contract mining, and research and development in the nonferrous, ferrous and chemical industries.
It has a registered capital of CNY 583 million, employs more than 6,000 people, and controls 30 subsidiaries, four branches and a provincial-level R&D centre. As part of its business plan, the company asked Zhonghui, a member of Kreston Global in China, to help in three main areas.
JCHX Mining wanted to improve its internal management, particularly its financial management capabilities. They also wanted a better understanding of the IPO procedure, and to improve their information-gathering on the latest local rules affecting their various overseas projects.
Discussing their needs with JCHX Mining, we helped create an effective financial management procedure and compliance framework. We also provided an audit service in the company’s IPO and the issuance of a CNY 1 billion convertible bond. For its overseas business, we helped provide training for the financial staff involved in foreign projects while giving expert tax advice regarding various investment projects.
Lu Li, audit partner at Zhonghui, commented:
“It has been very satisfying to help such an important company make major improvements. Our advice will optimise business efficiency and provide solid financial foundations, helping the company continue to flourish globally.”
“It was the right decision to engage Zhonghui as our trusted consulting company for numerous complex national and international projects. The Zhonghui team of experts really worked well together to help us create a tailored reporting and tax filing process for our finance team worldwide.”
Zhu Hongmeng, CFO of JCHX
News
Real estate and construction
June 29, 2021
Within the construction and real estate industry there have been massive changes over the past decade. A movement towards digital technologies, the increased pressure of integrating sustainable processes and unprecedented levels of volatility in workforce availability have all put pressures on businesses. Working with experienced and effective financial consultants can help you navigate the pressures your business faces today, as well as finding generative opportunities in the new landscape of construction and real estate.
The opportunity of transnational expansion is one that should not be overlooked in the construction and real estate sector. With the experience and expertise of Kreson Global’s international community, you can guarantee an exciting and seamless expansion into new territories with us. Our international consultants help people in all areas of the industry. Whether you are a contractor, construction company, investor, developer, estate agent, property manager or fund manager, we have the expertise you need.
Financial consultancy for real estate and construction businesses
Kreston Global firms are equipped to support real estate and construction businesses through a variety of financial states and transitions. Whether you are seeking to grow internationally, want to improve your tax efficiency or are planning an exit strategy for your business, you can rely on our network of professionals to provide a personalised service supercharged with global insights.
Cash flow
Kreston Global’s member firms implement effective and accurate cash flow tracking and management with our clients. Beginning with a full audit of your company’s inner workings and structure, we will discover inefficiencies that impact that cash flow within your business. Identifying areas of improvement, our experts can establish stability through restructuring and the implementation of effective digital systems.
Forecasts and future proofing
In depth research into the construction and real estate sector is conducted by our teams and shared across our global community, enabling Kreston Global firms to accurately conduct financial forecasting and planning for your business. With a deep understanding of coming challenges and opportunities, our experts can assist you in identifying areas within your business that require strengthening and effectively managing budgeting for change.
Specialist real estate and construction accounting and tax advice
Kreston Global firms offer specialist consultation within the real estate and construction sector. Our partners have decades of experience working within this industry to provide up to date and well researched accounting and tax advice for our clients. Through effective information sharing within our organisation, our firms can offer insights that improve efficiencies and encourage financial innovation. Our network of accounting experts advise on personalised and tailored financial planning and tax strategies helping you stay ahead of your competitors and thrive in this sector.
Overseas VAT
Through our international network, Kreston Global firms provide in depth insight into the complexities of overseas VAT procedures. Our tax experts can help you build effective tax strategies, improving efficiency and ensuring compliance increasing your company’s security.
Tax relief strategies
Within the real estate and construction sector there are a range of opportunities for tax relief around the world. In the UK effectively seeking Research & Development tax relief when researching for projects, Capital Allowances and the UK Land Remediation Relief are all effective ways to mitigate the impact of tax on your business.
Growth and exit plans
Our experts are adept to meet your company wherever it is in its lifecycle, experienced in handling and advising on transitional periods such as growth or the conclusion of a business. Our firms have guided many businesses through challenging financial periods, providing the advice best suited for each business’ individual needs.
Obtaining finance
Kreston Global firms are skilled at investigating effective finance options for your business. Sourcing finances to support expansion and development is essential for ambitious businesses seeking to grow in this sector. We can support you in identifying stable and sustainable financing options, creating functional financial planning for funds that will help you achieve your goals.
Overseeing business acquisitions
Acquisitions and mergers present themselves as the perfect opportunity for growth within the real estate and construction sector. Kreston Global’s member firms support our clients through these transitional periods, conducting in depth audits into potential assets, providing in depth insight into the health of businesses and advising on the restructuring of your newly expanded company. Beyond the acquisition period we provide effective business planning consulting to ensure the continued success of the addition to your business.
What are Kreston Global’s professional standards in the real estate and construction sector?
All Kreston Global’s member firms observe their country’s regulations as well as strictly adhering to international standards of practice. Through our internal monitoring programme we ensure that all our partners meet the International Standards on Quality Control as well as the International Standards on Auditing for the conduct of transnational audits. All of our teams follow the code of ethics as dictated by the IESBA (International Ethics Standards Board for Accountants).
As a proud member of the Forum of Firms, an association of international networks of accounting firms, Kreston Global is committed to meeting high standards in financial reporting and auditing practices across our worldwide community.
Kreston’s global reach enables our partner firms to share knowledge and expertise, allowing expanding businesses to provide international services while receiving consistently quality financial services.
Why choose Kreston Global’s real estate and construction financial services?
Many of our firms offer dedicated teams specialising in the construction and real estate industry, providing unique and in depth strategy advice. As an international network, we pride ourselves in producing global insights across the industry, sharing information across our firms to provide contemporary and responsive advice to our clients. Experts in supporting growth our professional teams seek opportunity, stability and sustainability for their clients provided through effective structuring, efficient tax planning and discerning business consulting.
Kreston Global’s understanding of the real estate and construction sector will not only support you in navigating the upcoming challenges facing this industry, but will help you find opportunity within these changes.
Contact Kreston Global to find out how we can support your real estate and construction business
Want to know more about our financial services for real estate and construction businesses? Get in touch
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Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
device_id
10 years
Cookie used to maintain a local copy of the user's unique identifier.
viewed_cookie_policy
11 months
This cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not a user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
bcookie
1 year
LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie
1 year
LinkedIn sets this cookie to store performed actions on the website.
currency
1 year
This cookie is used to store the currency preference of the user.
lang
session
LinkedIn sets this cookie to remember a user's language setting.
li_gc
6 months
Linkedin set this cookie for storing visitor's consent regarding using cookies for non-essential purposes.
lidc
1 day
LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory
1 month
LinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Cookie
Duration
Description
ac_enable_tracking
1 month
This cookie is set by Active Campaign to denote that traffic is enabled for the website.
device_view
1 month
This cookie is used for storing the visitor device display inorder to serve them with most suitable layout.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
__kla_id
2 years
Cookie set to track when someone clicks through a Klaviyo email to a website.
_ga
2 years
This cookie is installed by Google Analytics. It is used to calculate visitor, session and campaign data and it also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to identify unique visitors.
_ga_M0XVMQMRZ1
2 years
This cookie is installed by Google Analytics.
_gat_gtag_UA_188891991_1
1 minute
This cookie is set by Google and is used to distinguish users.
_gat_gtag_UA_7661078_5
1 minute
This cookie is set by Google and is used to distinguish users.
_gid
1 day
This cookie is installed by Google Analytics. It is used to store information on how visitors use a website and helps to create an analytics report on how the website is performing. The data collected includes the number of visitors, the source of visitors and the pages visited in an anonymous form.
AnalyticsSyncHistory
1 month
Linkedin set this cookie to store information about the time a sync took place with the lms_analytics cookie.
CONSENT
16 years 5 months 19 days 16 hours 12 minutes
These cookies are set via embedded YouTube videos. They register anonymous statistical data e.g. how many times the video is displayed and what settings are used for playback. No sensitive data is collected unless you log in to your Google account, in that case your choices are linked with your account, for example if you click “like” on a video.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
