Property

Whether owning one’s own home or buying property as part of an investment strategy, most of us come into contact one way or another with the property market. This is even more the case now, as conventional forms of pension saving are perceived to be unsatisfactory. Given the size of even the smallest purchase, the complications of arranging finance, and the enormous raft of tax legislation aimed at property transactions, expert advice is vital. 

For many years, Westbury have acted as advisers to developers, investors, dealers and property professionals such as surveyors, architects and agents. In more recent times, we have been asked to help those buying properties within their pension schemes, and clients entering the world of property for the first time through the ‘buy to let’ market. 

One of our strongest niches is in the area of service charges, where the firm deals with substantial blocks of flats and offices in conjunction with many leading firms of property managing agents. Whether a multi-let office building in the centre of London or a block of flats in the suburbs, our service charge team will be able to help.

Property Services include:-

Structural Advice

We aim to ensure all our clients structure their business ventures in the way that suits their business best. Our services include:

  • Start up advice – Assisting with initial concepts – Project appraisal
  • Business planning
  • Raising finance – All types of finance can be sourced including Equity, Venture Capital and Debt
  • Corporate Structure – Selecting the most appropriate vehicle: sole trader, Company, Limited Liability Partnership (LLP) or partnership
  • Tax issues – Corporate, personal and capital gains taxes, Stamp Duty Land Tax, deductions for interest – VAT – Profit extraction – Offshore vehicles – Use of Single Purpose Vehicles (SPVs)

Accounting and Reporting

We offer accounting and reporting options tailored to the needs of our property clients, including:

  • Monthly/Quarterly accounting – Production of up to date management accounts and specific Key Performance Indicators
  • Annual Accounting and Auditing – Production of statutory accounts and audits where required – Flat management Company accounts – Service charge accounts and audits
  • Payroll services – Weekly/monthly payroll processing
  • Cash flow management
  • Regulatory Reports – RICS, RIBA, NAEA

Other services

  • Valuations – Share valuations; minority interests; Share Options; disputes; disposals
  • Strategic advice – Strategic plans; reinvestment plans• Taxation – Full taxation compliance service
  • PAYE and Investigations – Full service including quantifying and negotiating settlements
  • Specialist introductions to:- - Solicitors – Architects, surveyors, managing agents

Our Property Team

Most of our team have extensive experience in the property sector. The team is led by Philip Klinger and Keith Graham. For more information, contact Keith Graham: keithg@westbury.co.uk, telephone number: 020 7553 7122

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quoteI have been a ‘Westbury Client’ for 40 years and what’s impressive is the way that the ‘service ‘ continues to be as ‘personal’ as ever yet the breadth of the services offered continue to grow and be relevant to the ever evolving global commercial world we find ourselves active in.

Paul White
FROGMORE