delancey and co

Income tax

Year end tax planning

The effects of the recession on cash flow and business profitability are on the minds of many.

The pending tax year end on 5 April 2018 provides an opportunity to ensure that your liability for the current tax year is not one penny more than necessary.

With further tax increases on the horizon, there really is no time like the present to take a step back and look at how you are managing your personal finances and your business, and consider how you might reduce your taxes and/or improve your financial and business strategies.

In this site we consider some of the ways you might act now to help achieve a more secure future for you, your family and your business.

Acting now could pay dividends in the future.

Please contact us now to discuss your specific situation and the planning opportunities you could consider before the end of the tax year.

Click here to read more about completing your tax self assessment this year.

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Property Loans

When you are starting out in the property development industry, you will no doubt look online to learn more about the different types of finance available to property developers. Private Lenders finance property developments have their own lending requirements. Visit this site for more information about property development finance. In the current climate it is very difficult to find development  finance Many of the websites […]

Income tax

Year end tax planning The effects of the recession on cash flow and business profitability are on the minds of many. The pending tax year end on 5 April 2018 provides an opportunity to ensure that your liability for the current tax year is not one penny more than necessary. With further tax increases on the horizon, there really is no time like the present […]

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Latest Posts

When you are starting out in the property development industry, you will no doubt look online to learn more about the different types of finance available to property developers.

Private Lenders finance property developments have their own lending requirements.

Visit this site for more information about property development finance.

Property Loans 2017In the current climate it is very difficult to find development  finance Many of the websites belonging to brokers offering this sort of finance have since gone out of business and their websites are least two years out of date. As a new property developer, you will see many of these out-dated websites claim to provide finance for up to 100% of the total costs, ie. land and build costs. In return for this, the lender asks for a 50% share of the profits. Even when development finance was easy to come by during the property boom, this much advertised offer was very difficult to come by. It was only ever really available to experienced property developers who held significant assets or were due to receive the profit from a previous development project in the near future. So, if it is so hard to come by, why did brokers promote it so heavily to new developers? The answer is that brokers would charge an upfront non refundable ‘adminstration fee’ to developers, which they claim would be used to hire a surveyor to assess the viability of a proposed development. The fee of course just went in to the back pocket of the broker. These broker fees were often as high as £3,000 and brokers would take this fee from you even if they knew that a lender would never look at the developer twice due to their lack of experience. Due to the Credit Crunch, it is now even harder to source property development finance for even just 50% of the total costs. So when a broker comes along offering 100% finance on some property forum, website or property magazine it can seem like a God send. As an experienced property development finance broker, I can tell you that anybody still offering 100% finance is simply a hard up broker looking to take advantage of novice developers by taking an ‘administration fee’ from them with no intention of providing funding. Remember to run all financial deals by your accountant or financial advisor. As an experienced property development financier, I can categorically tell you that there is no such thing as 100% property development finance. The maximum amount of funding you can expect is 75% of the total costs and the development needs to show a profit margin of at least 25% on costs.

Please contact us if you need further advice on property development finance

Content Heading

When you are starting out in the property development industry, you will no doubt look online to learn more about the different types of finance available to property developers.

Private Lenders finance property developments have their own lending requirements.

Visit this site for more information about property development finance.

Property Loans 2017In the current climate it is very difficult to find development  finance Many of the websites belonging to brokers offering this sort of finance have since gone out of business and their websites are least two years out of date. As a new property developer, you will see many of these out-dated websites claim to provide finance for up to 100% of the total costs, ie. land and build costs. In return for this, the lender asks for a 50% share of the profits. Even when development finance was easy to come by during the property boom, this much advertised offer was very difficult to come by. It was only ever really available to experienced property developers who held significant assets or were due to receive the profit from a previous development project in the near future. So, if it is so hard to come by, why did brokers promote it so heavily to new developers? The answer is that brokers would charge an upfront non refundable ‘adminstration fee’ to developers, which they claim would be used to hire a surveyor to assess the viability of a proposed development. The fee of course just went in to the back pocket of the broker. These broker fees were often as high as £3,000 and brokers would take this fee from you even if they knew that a lender would never look at the developer twice due to their lack of experience. Due to the Credit Crunch, it is now even harder to source property development finance for even just 50% of the total costs. So when a broker comes along offering 100% finance on some property forum, website or property magazine it can seem like a God send. As an experienced property development finance broker, I can tell you that anybody still offering 100% finance is simply a hard up broker looking to take advantage of novice developers by taking an ‘administration fee’ from them with no intention of providing funding. Remember to run all financial deals by your accountant or financial advisor. As an experienced property development financier, I can categorically tell you that there is no such thing as 100% property development finance. The maximum amount of funding you can expect is 75% of the total costs and the development needs to show a profit margin of at least 25% on costs.

Please contact us if you need further advice on property development finance