Property & Construction

Property & Construction

Given that a huge part of the Scottish economy is either directly related to the property and construction sector or is affected by it, it is vital that the sector has access to sound financial and business advice to help it address its present challenges and prepare for future prosperity.

The range of challenges confronting the sector include: tightening margins; a shortage of availability of finance; lack of demand from a depressed housing market; changes to planning rules; a reduction in public sector work and an extension of the time lag between the bidding process and a project starting on site.

Yet despite such challenges, property and construction firms with good management teams continue to perform well by building long-term relationships with clients, key suppliers and subcontractors and confronting any dispute resolution matters early and pragmatically.

How we can help you
With a significant number of clients operating within the property and construction sector, we have the experience and expertise available to help management teams through the provision of advice on a range of issues, including assurance, tax, CIS and IR35 matters.

In addition to providing advice on Income and Corporation Tax, our specialist VAT and indirect tax team distinguishes us from our contemporaries. Click here to find out more about our Tax and VAT services.

Our SME clients with no requirement for a full-time in-house finance director, regularly access the full range of our financial and business advice to provide them with the strategic overview and guidance they need. Our Entrepreneurial Services Department can help with the preparation of management accounts, year end accounts and the implementation of accounting systems.  We can advise if a full statutory audit is required and our Audit Department can provide this.


Other advice available includes assistance with raising and restructuring finance, including the preparations of financial projections and detailed discussions with banks and other funders.  Our Corporate Advisory Department can also offer more strategic advice regarding the acquisition and disposal of businesses.

Domestic Reverse VAT Charge for Building and Construction Services

The new Domestic Reverse VAT Charge for Building and Construction Services (DRC) came into force on 1 March 2021, requiring the recipient of certain services, rather than the supplier, to account for the VAT due to HMRC. Read our recent blog for full details.

Case Studies & Testimonials

Downloads

Click on any of our downloads below.


Meet some of our Property & Construction specialists



Barry  Laurie

Barry Laurie
Partner
b.laurie@frenchduncan.co.uk
0131 225 6366

Barry  Laurie

Barry Laurie

Partner

BSc CA

LinkedIn Logo


0131 225 6366

b.laurie@frenchduncan.co.uk


Specialisms include...

Throughout his extensive career, Barry has worked for HMRC, Arthur Andersen, Coopers and Lybrand and McCabes. He has been a Tax Partner with French Duncan since its merger with McCabes in 2008.

Barry has a wealth of experience in all aspects of tax matters, from corporate to personal and has a particular specialism in maximising capital allowances for clients. Whilst Barry can advise any business on its tax matters, he has particular expertise in the hospitality and property sectors.

He can also advise on tax incentives for investment.

Barry prides himself on taking the initiative to understand his clients’ needs to deliver results.

He enjoys building strong relationships with his clients and continually seeks opportunities which he believes will be to their benefit.

Stephen  Thom

Stephen Thom
Partner & Head of Corporate Tax
s.thom@frenchduncan.co.uk
0141 221 2984

Stephen  Thom

Stephen Thom

Partner & Head of Corporate Tax

ACA

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0141 221 2984

s.thom@frenchduncan.co.uk


Specialisms include...

Stephen is an experienced tax advisor who has worked in both practice and industry roles during his career. He started his career in London with BDO prior to working with Lloyds Banking Group for three years, where he specialised in providing tax advisory services. Stephen joined French Duncan as a tax director in 2015 from a mid-tier firm in Glasgow and became a Partner in May 2017.

He specialises in advising on a variety of corporation tax matters, including: share reorganisations; group restructuring advice; substantial shareholdings exemption; the taxation of loan relationships and international tax advice. Stephen has gained experience through advising a wide variety of clients, ranging from owner managed businesses to AIM and fully-listed enterprises.

He has developed a reputation for fully understanding the commercial objectives and strategies of businesses prior to providing tax advice, in the process ensuring that the tax outcome is always aligned to the wider business objectives.

Hazel  Burt

Hazel Burt
Partner and Head of Personal Tax
h.burt@frenchduncan.co.uk
01786 451745

Hazel  Burt

Hazel Burt

Partner and Head of Personal Tax

FCCA

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01786 451745

h.burt@frenchduncan.co.uk


Specialisms include...

 

Hazel began her training as a Accountant in 1992 and joined French Duncan in 2012 when they merged with Macfarlane Gray. She has specialised in tax for more than 20 years and heads up the personal tax compliance and consultancy team, managing a varied client base of businesses and private clients.

Hazel has previously served as the Scottish President of the Chartered Association of Certified Accountants for two years and is currently a member of the Scottish committee.

Hazel’s specialisms include capital taxes planning, personal tax planning including residence matters, advising owner-managed businesses, tax investigations and property taxation. She has particular interest in the construction and agricultural sectors.

Hazel was brought up in a family business and has a deep understanding of the issues surrounding owner-managed firms. She draws on this background when advising on commercial and tax matters.

Tommy Bates

Tommy Bates
Audit Director
t.bates@frenchduncan.co.uk
0141 221 2984

Tommy Bates

Tommy Bates

Audit Director

BA(Hons) CA

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0141 221 2984

t.bates@frenchduncan.co.uk


Specialisms include...

Tommy qualified as Chartered Accountant in 1991 with a top national accountancy firm. Having gained broad general practice experience, Tommy joined French Duncan in 2001 and, since then, has progressed to the role of audit Director within the Glasgow office.

Tommy has experience across a number of sectors, working with a range of clients from small and medium sized enterprises and owner-managed businesses to large and listed clients. This includes working with clients operating within the property, manufacturing, hotel and leisure and distribution sectors.

Tommy maintains a close working relationship with his clients, providing practical support and advice and ensuring all statutory reporting requirements are met.

Maria McConnell

Maria McConnell
Partner & Head of VAT
m.mcconnell@frenchduncan.co.uk
0141 221 2984

Maria McConnell

Maria McConnell

Partner & Head of VAT

BA(Hons)

LinkedIn Logo


0141 221 2984

m.mcconnell@frenchduncan.co.uk


Specialisms include...

Maria started her career in HMRC some 20 years ago in the Thames Valley, where she was involved in both VAT and Excise and Inland Customs. From there, she returned to Scotland to join a Big Four practice, specialising in VAT. Maria joined PKF in 2000, moving across to BDO following the merger in early 2013 as VAT manager, before joining French Duncan in 2015 and being made a Partner in 2021.

Having spent two decades working in VAT, Maria has a gained extensive experience in dealing with HMRC and assisting clients to understand and manage how VAT applies to their business.

With experience in dealing with businesses across all sectors, Maria has been widely involved in the charity and not for profit sector, manufacturing, leisure industries, international businesses and, more recently, the renewable energy sector. Advice provided to clients includes issues such as: partial exemption; business/non-business calculations; land and property advice; place of supply advice and general business VAT planning as well as the provision of in-depth VAT reviews and bespoke VAT training courses.

Maria likes her clients to know that they are valued and important to her and achieves this by being open and friendly at all times. She adopts a down to earth approach to clients’ VAT issues and aims to keep clients up to date on relevant issues and events of interest.

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