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Construction & Real Estate Community resources

Key resources for Construction & Real Estate Community members.

Brexit guidance and resources

Looking for guidance and insights from ICAEW on the end of the transition period? Find the latest updates and expert analysis at the ICAEW Brexit hub.

Sector specific Brexit transition actions

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

General tax

HM Treasury consults on new residential property developer tax

As part of a £5bn cladding remediation package following the Grenfell Tower disaster, the government is proposing a new residential property developer tax. Likely to be introduced in 2022, the tax aims to raise at least £2bn over 10 years and would apply to developers with annual profits in excess of £25m.

Property tax

Expert commentary and practical guidance from ICAEW related to the taxation of property in the UK regime, covering areas such as: ATED (annual tax on enveloped dwellings), business rates and stamp duty land tax.

Residential tax

Residential Property Developer Tax: consultation

Consultation on the policy design of a Residential Property Developer Tax on certain profits from residential development activity. The consultation runs from 29 April to 22 July 2021.

Higher rates of Stamp Duty Land Tax

Check if you have to pay the higher rates of Stamp Duty Land Tax (SDLT) when you buy a residential property in England or Northern Ireland.

Cuts to SDLT and VAT to support COVID recovery

8 July: No SDLT on houses up to £500,000 in England and Northern Ireland, VAT cut to 5% to support hospitality and a £1,000 bonus for retaining furloughed employees were the headline tax changes in the Chancellor’s Summer Statement

Property Rental Toolkits

Get help if you’re a tax agent or adviser who has clients with property rental income to declare on Self Assessment tax returns.

VAT

ICAEW REP 70/21 Simplifying the VAT land exemption

The Tax Faculty believes that simplification of the VAT system for land and property is highly desirable and that consideration is given to removing the current VAT exemption rules for commercial property. However, now that the UK has left the EU, as land and property is only one aspect of the complications caused by the exemption regimes more generally, we think that the time has come to undertake a thorough review of the VAT exemption rules with a view to its abolition.

Domestic reverse charge VAT for construction services in 2019

HMRC’s new domestic reverse charge for construction services comes into force on 1 October 2019. HMRC has recently finalised its legislation and published further guidance on this new regime, which will require the recipient rather than the supplier to account for the VAT due on certain construction services.

Scottish and Welsh property tax

Scottish taxes

Reflecting changes proposed in the recent budget.

Construction Industry Scheme

Income tax

Expert commentary and practical guidance from ICAEW related to income tax in the UK personal tax regime.

Financial reporting

The latest information and practical resources on International Financial Reporting Standards relevant to the construction and real estate industries

IFRS 16: putting theory into practice

Welcome to our new hub containing a suite of resources covering IFRS 16, which sets out the principles that both lessees and lessors apply to provide relevant information about leases. This hub contains a range of articles and extracts from various sources, including a new IFRS 16 Leases report published by the Financial Reporting Faculty exploring the IASB's new leases standard.

Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business

New practice: Building contracts should be reviewed to take account of shortage of materials and other operational issues

Businesses and individuals ordering or supplying building materials, or managing building projects, should ensure their contracts make it clear what happens if there are supply issues for building materials (given the current shortages of these) and if COVID-related staff absences and social distancing cause delays, or risk costly legal disputes.

Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.

Anti Money Laundering and construction

Anti-money laundering

Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.

Health and safety

Flexible working guide – Hybrid working – What happens now

This second guide highlights the new hybrid or optional way of working where we mix the office and home environments. As the return-to-work practices gain traction, the guide looks at the aspects that employers and employees alike need to consider in making the new normal a success.

Flexible working guide – Working from home

This guide highlights the upsides and downsides and provides some key messages on what to consider as we all move forward into a new working environment.

Bloomsbury Core Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Land and property

Expert commentary on the current capital gains tax legislation related to the taxation of land and property in the UK.

Property income

A full chapter on the taxation of property income in the UK, written for tax practitioners.

The Construction Industry Scheme

Practical guidance on how the Construction Industry Scheme (CIS) applies to businesses within the UK tax regime.

Buildings and structures

A chapter on the special business reliefs available for buildings and structures, including The Structures and Buildings Allowance ('SBA').

Property investment

Expert commentary on the current UK corporation tax legislation related to property investment.

Buy-to-let landlords: the new 'tax'

The potential implications of a new restriction in the deduction of finance costs related to residential property should not be underestimated, writes Mark McLaughlin.

Non-resident CGT and UK land

A chapter on taxation relevant to non-resident investors in UK land, highlighting tax planning opportunities and potential pitfalls.

Property rental businesses

A full chapter covering the tax principles and framework for deductions by unincorporated property businesses.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com

Commercial property valuation: methods and case studies

A practical guide to the best approaches for commercial real estate value assessment, covering all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation.

Hotel appraisal

A practical guide to the best approaches for commercial real estate value assessment. This chapter provides a case study on valuing a four-star hotel located in a UK city.

Revenue

Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for revenue gives a comparison of FRS 102 Section 23 and IFRS, and looks at measurement of revenue, identification of the revenue transaction, sale of goods, rendering of services, percentage of completion method, franchise fees, interest, royalties, dividends, construction contracts, disclosures, and practical implementation issues.

Modern methods of valuation

The twelfth edition of this essential valuation textbook reflects the changes in the regulatory and statutory framework for property valuations that have occurred since 2013, as well as presenting the tried and tested principles and practices of real estate valuation.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Industry sector guides

ICAEW's Library & Information Service has produced a series of guides to different industry sectors to help members identify key trends within their sector.

Construction industry

Guide to researching the building and construction industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Property industry

Guide to researching the property selling, development and rental sectors. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Architectural services

Guide to researching architects and architectural services firms. Quick links to trends, forecasts, market research, statistics and useful organisations.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com

 

UK house prices grew at slowest pace since March, Halifax says

The value of UK homes rose 7.6% from a year ago during July 2021, slower than the 8.7% pace reported during June, according to Halifax.

Work from home is driving UK property price surge, BOE says

Home buyers are shifting towards paying more for bigger houses, since more expect to need office space at home, the Bank of England has reported.

UK construction industry hit by skills and supply shortages

Four in five construction firms surveyed by the Royal Institution of Chartered Surveyors say building material supply shortages are holding up projects, and two thirds are finding it difficult to hire skilled workers such as bricklayers and carpenters.

Construction industry hits highest growth for 24 years

The UK construction industry recorded its fastest growth in 24 years in June 2021, according to the IHS Markit/CIPS construction PMI.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Market research

The Library & Information Service provides access to industry profiles and market reports as a benefit of ICAEW membership. See our Industry guides for a more comprehensive selection of market research resources for a wide variety of industries, including construction and property selling, development and rental. If you are unable to access a report, please see our Online resources troubleshooting or contact library@icaew.com

Real estate industry profile: Europe

An industry report on European real estate, providing market data and forecasts, including data on the competitive landscape and key players.

Real estate industry profile: United Kingdom

An industry report on UK real estate, providing market data analysis and forecasts, including data on the competitive landscape and key players.

Real estate industry profile: Global

An industry report on the global real estate industry, providing market data analysis and forecasts, including data on the competitive landscape and key players.

Residential construction in the United Kingdom

An industry report on UK residential construction, providing market data analysis and forecasts, including data on the competitive landscape and key players.

Residential construction in Europe

An industry report on European residential construction, providing market data analysis and forecasts, including data on the competitive landscape and key players.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.