Why Property Development Accounting Matters

Property development accounting is complex, and the challenges start at acquisition.

GST treatment (including second-hand goods credits and compulsory zero-rating), land tainting rules, and income recognition across multiple tax years all require careful planning. A misstep at the outset can sink a project before it starts.

Where projects involve a mix of properties held for sale and long-term investment, land partitioning and correct tax treatment are critical to avoid unintended tainting. Add in cashflow pressure from tax payments versus finance obligations, and expert advice becomes essential.

We help developers navigate these complexities to maximise outcomes and minimise risk.

Our Property Development Services

Feasibility analysis

Budgeting and scenario modelling to support confident stop/go decisions.

GST management

Advice on second-hand goods claims, compulsory zero-rating, related-party land transactions, and support through IRD reviews or audits.

Tax compliance accounting

Accurate financial statements with costs correctly matched to revenue as sales occur.

Tax management

Provisional tax planning and tax finance solutions to reduce use-of-money interest.

Property finance support

Assistance with finance structuring and negotiations with lenders and brokers.

Project structuring

Advice on the most effective structure, including companies, trusts, LTCs, joint ventures, and limited partnerships.

Specialist tax advice

Clear guidance on property-specific tax rules for developers, traders, and builders, including relevant exemptions.

We work with property developers across the full spectrum, including:

Talk to one of the team today

Mark Withers

Associate

Amit Patel

Client Manager

Manisha Morar

Client Manager

Kathy Zhang

Client Advisor

Why Developers Choose PKF Withers Tsang

  • Chartered accountants with decades of property sector experience
  • Proven tax minimisation and risk management systems
  • Strong GST expertise across complex property transactions
  • Access to trusted lawyers, financiers, and project specialists
  • Audit shield cover for added peace of mind
  • A highly experienced local team backed by the global PKF tax network

Ready to Talk Property Development?

Talk to our property specialists and get clear, practical advice before you commit.

Book your property development consultation