Accountants for property traders & flippers
Property trading, or flipping, is the skill of realising a property’s potential by buying and selling quickly - often refurbishing along the way. Provestor will ensure your property trading is as tax efficient as possible.
Accountants for property traders & flippers
Property trading, or flipping, is the skill of realising a property’s potential by buying and selling quickly - often refurbishing along the way. Provestor will ensure your property trading is as tax efficient as possible.
In-depth, tailored property tax advice
Award-winning property accounting app
Fast, expert support from our accountants
Tax returns and accounts prepared and filed
A limited company accountancy service for property traders
Our all-inclusive accountancy service has everything you need to manage your property trading company, and ensure you remain compliant with your tax obligations.
Tailored tax advice
One-to-one tax consultation phone calls with our property accountants are included, as standard.
Personal support
Your named account manager is just a phone call or email away, whenever you need them.
Tax returns included
Our team of experienced and qualified accountants will prepare and submit your company accounts and returns.
Company formation
If needed, our skilled team will form and register a limited company for your property trading activities.
Flip with confidence with our innovative accounting app
There's no need to struggle with clunky spreadsheets, or complex software like Xero or QuickBooks.
Our service is built around our award-winning (and easy-to-use) property accounting app. From buying properties to tracking refurb costs, it's the only app you'll need.
Property database
Keep track of your property portfolio, including purchase details and current valuations.
Refurb expenses
Reduce your tax bill by keeping track of capital spending and expenses, in one place.
Bank statement feeds
Connect to your bank, securely, and keep your accounts up to date.
Track profits
Tax forecasts show exactly how much profit you have available for your next deal.
Everything you need, for a fixed monthly fee
Our fixed-fee accountancy service includes everything you need to manage your property portfolio's tax, accounts and compliance.
Personal Advisor
For personally owned portfolios
Includes:
-
Your personal tax return
-
Named account manager
-
Online accounting app
-
4 tax consultations per year
Company Advisor
For company owned portfolios
Includes:
-
Company tax returns
-
Named account manager
-
Online accounting app
-
4 tax consultations per year
Growth Advisor
For mixed or complex portfolios
Includes:
-
All tax returns
-
Named accountant
-
Online accounting app
-
Unlimited tax consultations
-
Annual tax reviews
Interested in Provestor? Let's have a chat!
If you've got questions about our services, chat with one of our friendly team members today.
We'll talk through your goals, make sure we're the right fit, and help you choose the perfect Provestor service for you.
What is property flipping?
Property flipping is a well-established investment strategy which involves purchasing a property and selling it for a profit. It’s also known as property trading, fix and flip, or buy to sell. The majority of flipping involves some refurbishment, but this isn’t always the case; value can also be created by buying at a below-market price (perhaps at auction) or by resolving ongoing legal issues.
Property flipping tax considerations
Property flipping is predominantly considered to be a trading activity, rather than an investment activity. This means that profits that you realise through flipping will be subject to either income tax or, more commonly, corporation tax for properties bought and sold via a limited company. The mindset and operating model of a property flipper is closer to that of a ‘conventional’ business, than that of a landlord.
Property flippers generally retain a portion of their sale profits to fund the purchase of their next property. Using a limited company for this has advantages, including flexibility and access to the business tax regime. In addition, depending on your long-term strategy, it may be beneficial to retain profits inside a limited company and claim entrepreneurs' relief on the retained profit when closing the company down.
If you're considering flipping properties, contact us for advice here.