https://www.icaew.com/rss/construction-and-real-estateKeep up to date with the latest developments in construction and real estateen{10B9EB8D-B35D-4244-A433-DF797FFA0277}https://www.icaew.com/technical/construction-and-real-estate-community/news/britains-new-towns-a-strategic-refocus-for-housing-deliveryThe ambition to deliver 1.5 million additional homes in this parliament is a monumental challenge, one that demands innovative thinking and robust delivery mechanisms.{4950A6BA-D561-4FB4-81A3-40BFE6A71880}https://www.icaew.com/technical/construction-and-real-estate-community/news/unlocking-golden-brick-how-proposed-vat-reform-could-boost-developmentLouise Cowell, Indirect Tax Director, Real Estate and Construction, RSM shares her thoughts.{E7EF3D13-C7A1-48AB-B1CB-A9F140D2B61B}https://www.icaew.com/technical/construction-and-real-estate-community/news/new-towns-developmentBen Aspinall MRICS, MD of AspinallVerdi and speaker at the ICAEW Getting Britain Building event shares his thoughts on new town developments.{D545AFFE-6FC6-463F-A952-2C34045F949B}https://www.icaew.com/technical/construction-and-real-estate-community/news/can-ai-help-britain-build-the-homes-it-needsArtificial intelligence is already being used to address various industry concerns.{7FCBDEEF-8EEC-4FDE-8CC7-6ABE2565E5D4}https://www.icaew.com/technical/construction-and-real-estate-community/news/urban-design-and-human-flourishing-insights-for-real-estate-professionalsRecent research in urban neuroscience and environmental psychology reveals that the built environment fundamentally shapes cognitive function, psychological wellbeing, and social behaviour.{D92DF7AA-6203-46FC-AC4E-05F28417AE73}https://www.icaew.com/technical/construction-and-real-estate-community/news/the-high-value-council-tax-surcharge-what-it-is-and-why-it-mattersThe government’s proposed High Value Council Tax Surcharge (HVCTS) – widely described as a “mansion tax” – will introduce a new annual levy on owners of residential properties in England valued at £2 million or more. Unlike existing council tax bands, still anchored to 1991 valuations, the HVCTS will operate on contemporary assessments, with the baseline set at 2026 values.{19F6D043-8FA9-49EE-98D0-41BC6F2D48A8}https://www.icaew.com/technical/construction-and-real-estate-community/news/the-budget-and-spending-a-new-directionRos Rowe assesses the impact of the Budget proposals on construction and real estate.{49FCD40B-0397-4E80-9FA9-C19B27C65C49}https://www.icaew.com/technical/construction-and-real-estate-community/news/major-accounting-changes-are-around-the-corner-what-do-you-need-to-knowStacy Eden, Head of Real Estate at RSM and a member of ICAEW’s Construction & Real Estate Community advisory group, shares his insights on forthcoming changes.{0B04EF1E-B0FC-46DA-BF33-E2ECF4B0F616}https://www.icaew.com/technical/construction-and-real-estate-community/news/navigating-cyber-threats-in-constructionThe construction sector’s rapid move towards digital tools, remote access and cloud collaboration has widened its exposure to cyber threats. Construction firms rely heavily on technology to manage projects, yet many still have limited cyber maturity. The combination of tight deadlines, multiple stakeholders and high-value contracts makes the impact of any disruption especially severe.{3246DECF-46CD-4589-9E87-BF8E9BCE3BDA}https://www.icaew.com/technical/construction-and-real-estate-community/news/pitfalls-of-the-construction-industry-schemeHoward Royse looks into the archives and shares some cautionary advice around the application of the Construction Industry Scheme (CIS).{7E364D53-350D-4B15-A10B-77EDAFED549F}https://www.icaew.com/technical/construction-and-real-estate-community/news/the-spring-statement-going-for-growthHow will real estate and infrastructure kickstart recovery?{925A79C6-9942-4D55-A1C7-5BB828267357}https://www.icaew.com/technical/construction-and-real-estate-community/news/the-reserved-investor-fundAfter a seven-year gestation, the Reserved Investor Fund (RIF) finally came to fruition on 19 March when the Co-ownership Contractual Schemes (Tax) Regulations 2025, which were laid before Parliament on 25 February, came into effect, followed immediately by the Unauthorised Co-ownership Alternative Investment Funds (Reserved Investor Fund) Regulations 2025, which were laid before Parliament on 26 February.{57B92D60-853A-48B1-BAD3-35E8D8D783B3}https://www.icaew.com/technical/construction-and-real-estate-community/news/in-search-of-growth-what-the-budget-means-for-the-real-estate-industryBefore the Budget, Rachel Reeves, the Chancellor, primed taxpayers for some ‘difficult decisions’ and greater taxation to fill a ‘black hole’ in the economy. She also offered hope for a better future. There would be protection from increased taxation for ‘working people’, investment in the NHS, infrastructure and housing, coupled with the promise of economic growth.{B31145AF-B066-4C75-9CEA-BCE28D3A1F80}https://www.icaew.com/technical/construction-and-real-estate-community/news/uk-pension-reform-and-investment-in-real-estateAs has been covered in previous articles and webinars for the Construction & Real Estate Community, UK institutional capital has been undergoing a period of dramatic change. This is of huge significance to the real estate industry as UK defined benefit (DB) pension schemes and life insurers have historically been major investors in real estate as an asset class. Regulatory, demographic and other pressures have been driving a shift over decades, which has had a major knock-on impact on investment in illiquid asset classes, including real estate.{F25DE9E0-C894-4283-BC08-8E42237B36E0}https://www.icaew.com/technical/construction-and-real-estate-community/news/clicks-and-mortar-construction-pivots-towards-aiA recent article from RSM highlighted examples of how Generative Artificial Intelligence (Gen AI) may be implemented in the construction sector, with a particular focus on how its use in the design and planning stages could help to improve margins. For examples of AI and technology already in use today, we can point to many examples.{A3683C96-B389-4D86-B0E1-83657BBA0AA3}https://www.icaew.com/technical/construction-and-real-estate-community/news/rics-international-valuations-standards-agenda-consultation-response-implicationsThe International Valuation Standards Council (IVSC) plays a crucial role in establishing global standards for real estate valuation. The IVSC has published its 2024 Agenda Consultation, aiming to shape the future of the International Valuation Standards (IVS). This triennial consultation invites stakeholders to provide their input on key valuation topics that are crucial for the ongoing development of IVS.{A1ECFC60-75AE-44CE-8CB5-CDE384E37E4A}https://www.icaew.com/technical/construction-and-real-estate-community/news/business-rates-updateIn a ‘back-to-basics’ webinar, Richard Jones provided an introduction to the business rates system in England, the compliance obligations the system places on businesses and the reliefs available to mitigate rates liabilities in a variety of business sectors.{E8909689-ADE9-45C2-80D9-4F9554AE57DA}https://www.icaew.com/technical/construction-and-real-estate-community/news/building-back-better-not-yetRos Rowe, Subject Matter Expert for the Construction & Real Estate Community offers a personal view on what the Spring Budget means for housing and construction.{0D3ABAD4-9285-41B9-BB5D-48CED828ABF5}https://www.icaew.com/technical/construction-and-real-estate-community/news/emerging-opportunities-and-pitfalls-in-real-estate-taxGuy Richardson and Mark Fielden, from the real estate and construction team at Moore Kingston Smith, recently presented an ICAEW webinar on “Emerging opportunities and current pitfalls in the tax regime for property investment and trading”. In this article we want to accentuate some of the practical tax complexities discussed in the webinar. Subsequently, in light of the Chancellor of the Exchequer’s recent Autumn Statement on 22 November 2023, we want to explore how current tax policy continues to create uncertainty in the real estate and construction sector.{8534F848-AAF4-4FCF-8015-1388ABE27374}https://www.icaew.com/technical/construction-and-real-estate-community/news/autumn-statement-2023While headlines focused on the immediate cut in National Insurance, the key element of the Autumn Statement was the focus on long term plans aimed at resolving difficulties in the housing and infrastructure sectors. The challenge for the Chancellor is whether the electorate view these plans as credible, given implementation will have started and not completed before the next election.{5A16B6B3-3285-491E-9F79-94B4D4EE0C85}https://www.icaew.com/technical/construction-and-real-estate-community/news/we-want-to-hear-from-youHave your say on new consultations on Payment Practices and the effectiveness of the Small Business Commissioner.{13C4056A-2AB1-4A5A-8A9B-53D241F7CAD5}https://www.icaew.com/technical/construction-and-real-estate-community/news/2023-spring-budgetRosalind Rowe, Subject Matter Expert and adviser to the Construction & Real Estate Community gives a whistle-stop tour of the recent Budget for the sector.{8E8BB904-14B9-4DBB-9A9C-2A78D57D288A}https://www.icaew.com/technical/construction-and-real-estate-community/news/esg-reporting-update-for-real-estate-investmentSince the Construction & Real Estate Community held its webinar ‘ESG reporting for property investors – an update post COP26’ in February last year, there have been significant developments in ESG regulation that will affect real estate investment managers.{1E3F48AD-F3A7-4270-99A1-71EB9F98E67C}https://www.icaew.com/technical/construction-and-real-estate-community/news/rics-consultation-on-proposed-changes-to-uk-regulated-purpose-valuation-practicesRICS has launched a public consultation on the RICS Red Book UK Supplement for feedback on proposals for a time-limited, mandatory rotation cycle for regulated purpose valuations, proposals to ensure an orderly transition to the policy, and proposals to standardise governance and prevent conflicts of interest in the commissioning and receiving of valuation reports.{8986C0FE-63EC-493C-BC1E-EB9384213998}https://www.icaew.com/technical/construction-and-real-estate-community/news/autumn-statement-are-short-term-measures-the-basis-for-long-term-goalsRos Rowe, subject matter expert for the Construction and Real Estate Community shares her views on the Autumn Statement for the sector.{ADBC7A3E-12AB-46D0-B7A2-48887BD801C5}https://www.icaew.com/technical/construction-and-real-estate-community/news/modern-methods-of-construction-putting-theory-into-practiceA zero-carbon “home of the future” has been launched as the construction industry prepares for a new, more eco-friendly era of housebuilding.{DBB74746-B269-4D14-A5AE-59CE22FF9B43}https://www.icaew.com/technical/construction-and-real-estate-community/news/fca-consultation-cp21-17-enhancing-climate-related-disclosuresIn June, the UK’s regulatory framework for ESG reporting took a significant step forward when the FCA published its consultation, CP21/17, Enhancing climate-related disclosures by asset managers, life insurers, and FCA-regulated pension providers.{567ED464-F3DC-40EB-90C9-3C982793E204}https://www.icaew.com/technical/construction-and-real-estate-community/webinars/2021-a-new-reckoning-for-the-high-streetOur speakers shared their views on the wider impact of the demise of many high streets on landlords, investors and lender.{CADE975C-F3F3-405E-BF65-45694B15A289}https://www.icaew.com/technical/construction-and-real-estate-community/news/the-modern-slavery-act-and-the-construction-sectorThe construction industry is well known for unlawful employment practices including modern slavery whether directly on construction sites or indirectly in the extraction of the raw materials used on site. But what should the construction sector be doing to comply with the MSA?{43CA0958-881E-4F8A-8A17-3FB040CB428D}https://www.icaew.com/technical/construction-and-real-estate-community/news/john-forbes-explains-more-about-the-review-of-the-uk-funds-regimeIn the 2020 Budget a year ago, the Chancellor announced that the government would undertake a review of the UK’s funds regime during 2020, which would cover direct and indirect tax, as well as relevant areas of regulation, with a view to considering the case for policy changes.{81FCCBA6-6DFF-4A2B-A225-8196386C6EB9}https://www.icaew.com/technical/construction-and-real-estate-community/news/ros-introductionThe ICAEW Construction & Real Estate Community (the Community) represents members across all areas of construction & real estate businesses as well as advisers, practices and independent consultants.{D8EC6AFD-B668-4585-85AF-7900902A3960}https://www.icaew.com/technical/construction-and-real-estate-community/summary-of-effective-accounting-for-construction-projectsThe objective of the webinar was to identify factors that contribute to the effective delivery of construction projects. {149406AC-51F1-4963-A944-56D346D4FCB6}https://www.icaew.com/technical/construction-and-real-estate-community/uk-construction-industry-continues-to-alarmHow could the accountancy profession address the major risks inherent in the construction sector?{A0E37BB2-F251-410D-858F-94E3E5FA05C2}https://www.icaew.com/technical/construction-and-real-estate-community/stepping-up-health-and-safety-regulationsHere’s why health and safety legislation makes good business sense {79AFDF02-B178-468A-8066-12F7706C407C}https://www.icaew.com/technical/construction-and-real-estate-community/non-uk-resident-land-gains-taxFrom April 2019, provisions in Sch 1, Finance Act 2019 will bring more disposals of interests in UK land by non-residents into charge to UK tax. {10E16245-7E1D-453A-BDD4-B4A89E048668}https://www.icaew.com/technical/construction-and-real-estate-community/sdlt-and-dilapidated-dwellingsAn important decision was made at a First-tier Tribunal in the case of PN Bewley Ltd V HMRC.{8034DD11-51C7-4040-96D4-C5A71708CF23}https://www.icaew.com/technical/construction-and-real-estate-community/audit-insightsAudit insights report assessing four key areas for a successful construction business.{160EA1BA-54F9-494D-AD9B-BEE8468FE53C}https://www.icaew.com/technical/construction-and-real-estate-community/are-there-alternatives-to-building-on-the-green-beltWe asked a panel of experts if building on the Green Belt is the only way to solve the housing crisis