Pairing our extensive experience with a broad range of services, Quill works with numerous Real Estate Agencies, Real Estate Franchisees, Property Managers & Management Rights operators, as well as complex individuals with Property Investment Portfolios. The real estate market is technical and complex in the way transactions are structured, we have the experience to help advise you on accounting matters, from one-off questions to more complex tax structures, ensuring asset protection and tax effectiveness.
No matter if you are starting out in your own agency, buying into an existing business, purchasing a franchise or a book of new clients, Quill is experienced in helping our clients meet their financial goals. We can help with any new agency purchase and due diligence, cashflow planning and forecasting, agreements, entity set up and tax structuring, making sure you’re responding to market forecasts proactively, not reactively and ultimately achieving strong business performance and growth.
Management Rights, also known as Strata, can take on various forms including Resort/Holiday Management Rights, Corporate or Commercial, Mixed use or Student Accommodation and Permanent Management Rights.
When purchasing Management Rights, it essentially means you are buying the rights to provide care, maintenance or letting services for a property which can be in the form of a unit, apartment, holiday or commercial complex and/or student accommodation. It generally involves taking care of the daily operation and management of common areas that are jointly owned assets like swimming pools, lifts, gardens, car parks and other common areas and facilities. Sometimes, it can also involve the management of short and long-term letting and accommodation.
Quill has strong, industry specific, experience to be able to provide strategic advice across all Management Rights, types, sizes, investment structures and taxation, and can assist in buying and selling management rights, purchase due diligence, return on investment, cashflow forecasting and business performance.
When there needs to be careful consideration around what entity structure the management rights are purchased in, how syndicate dividends or profit shares will be paid, how the management agreement is structured and will the structure allow any CGT Concessions on exit and sale, or how to correctly account for business vs personal use of any onsite living arrangements, Quill can help.
Whether the development is being undertaken in Partnership, Joint Venture arrangement or a more complex structure such as a unit trust, accounting for and understanding the taxation for Property Development Projects can be particularly complex.
Also critical to these arrangements is a solid understanding how your tax structure will impact your ability to receive Input Tax Credits on construction costs, whether expenses are on revenue or capital accounts, and if CGT discounts are available. Just as important is the ability to clearly understand what the construction costs are, timing of payments to builders, contractors, council, legal and design, as well as upfront, lump sums, milestone payments and retentions.
Experienced in Property Development, Quill can help you with a detailed and well-structured project budget, as well as ROI, breakeven analysis and feasibility, cashflow projections and anticipated tax payable upon sale. Quill can also assist in tracking all development costs and setting up an appropriate software package, as well as applying a GST Margin scheme, and offer assistance with other regulatory requirements.
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