Our one day property conference has been specially designed for accountants in practice who advise clients on commercial and residential property related accounting and tax issues. Speakers will look at recent key changes together with other current issues, to enable those attending to give the best possible advice to their clients.
The topics covered are:
Simon Wainwright, JPW Real Estate
Simon will discuss an overview of the current market.
Peter Thatcher, Aptus PDC
IFRS 16 requires lessees to recognise right-of-use assets, and associated liabilities, for all leases other than short-term leases and leases of low value assets. These changes will have a significant impact on many lessees who previously held assets under operating leases.
This session will highlight the significant differences between the new requirements of IFRS 16 and the previous requirements and will also cover the exemptions for short-term leases and leases of low value assets.
Peter Thatcher, Aptus PDC
Many companies in the construction industry have experienced a number of changes to the recognition and disclosure of revenue following the adoption of IFRS 15.
This session will highlight the key changes, including modifications to contracts, recognising separate performance obligations, variable consideration, recognising revenue over time and disclosures.
Adrian Gibbons, Mercia Group
This session will cover the following areas:
Accounting for property under FRS 102 including:
• Valuation issues
• Properties that move from stock or investment properties to fixed assets and properties that move the other way and become investment properties
• Disclosure of property information
• Micro-entities and property issues
• Will the future for FRS 102 include IFRS 16 style changes?
• Investment properties – practical issues with the new FRS 102
• IFRS 16 – will it have an impact on the leasehold market place?
This session aims to be a practical look at some of the current issues being faced by companies when dealing with properties on their balance sheet.
Simone Hurst, VATease
VAT can be bothersome and bewildering at the best of times but none more so than when it comes to VAT and land and property. Simone will take you through some of the reoccurring questions and misconceptions that she comes across in this area including:
• VAT and option to tax; what if you do not make that 30-day time limit?
• Common misconceptions around option to tax
• VAT traps to avoid with property and de-registration
• Clawback and capital goods scheme awareness to enable proper planning
• The application of VAT rates to construction from both sides of the fence (contractor and client)
This session will highlight recent and forthcoming changes to the taxation of landlords, covering:
• Income Tax
• Corporation Tax
• Capital Gains Tax
Rebecca is a Chartered Accountant. She is a lecturer, writer and consultant on a variety of taxes, lecturing extensively throughout the UK, to accountants, business people and also to HMRC and the Treasury. She has worked for firms of accountants and a manufacturing company, and now owns her own accountancy practice based in Gloucestershire, with a variety of small business and personal tax clients. She continues to lecture to professional colleagues, and also volunteers for various organisations providing support on financial education to school students and on tax to elderly taxpayers.
Rebecca is Editor of Tolleys Taxwise books, and consultant editor on Tolley’s Income Tax and Whillan’s tax tables. She writes for various tax publications from time to time, and is a former editor of Tax Adviser magazine. Rebecca is a past Chair of the Tax Faculty of the ICAEW. She was named Best Tax Lecturer at the Lexis Nexis Taxation Awards in 2007, and was awarded an MBE for services to the tax profession in 2012.
Previously the Managing Director of SWAT UK, Adrian is now one of Mercia’s A&A Consultants. He is a very entertaining speaker who lectures regularly on audit and accountancy topics for the ICAEW, ACCA, District Societies and other training groups. Outside work, Adrian is a keen sailor and is currently Vice Commodore of the Colne Yacht Club based in Brightlingsea.
Simone Hurst is a practising VAT consultant of many years standing. She began her VAT career as the youngest ever direct entrant Executive Officer in HM Customs & Excise working as a VAT control officer before moving on to manage an in house VAT practice for a firm of accountants in Yorkshire and then working for one of the Big 4 firms. She now runs her own independent VAT practice, VATease, and has done for 14 years. As Principal Consultant, Simone now travels the country presenting seminars and training sessions to a number of organisations as well as operating a VAT helpline service supporting accountancy/legal practices and business alike.
Peter is an independent trainer and consultant with over 30 years’ experience in the design and delivery of financial reporting and financial analysis training programmes around the world. Since 2003, he has specialised on delivering IFRS training in the UK and overseas to partners and managers of international and national firms of accountants, and to accountants and senior management of companies in a wide range of business sectors, including financial services, construction and property.
In addition to his training programmes, Peter’s consultancy work includes helping private and listed companies, and their accountants, implement IFRS and acting as an adviser on specific technical accounting sisues.
An experienced and dedicated real estate professional, Simon has 35 years’ experience working in the London and UK commercial property markets. His career spans multi-national firms such as Knight Frank and CBRE to founding his own practice in 1993. Simon’s client base includes leading developers such as Canary Wharf Group and Land Securities as well as National and Local Government departments. Simon is a leading industry
figure, being Chairman of the Royal Institution of Chartered Surveyors Commercial Markets Board as well as an author of several RICS Standards and Guidance Notes and public speaker.