The slowdown in the construction industry and the default of the real estate market created a need for the developers to structure their holdings, to obtain additional financing (loans) to restructure its debts, liquidate companies and its subsidiaries, sale non-core assets in order to reduce the financial burden, reduce staff and minimize tax expenses. While searching for solutions for pressing issues, some developers were forced to contact legal and tax experts in order to reduce the risk of errors.
A tax break can create fallouts for the developers and their general contractors. Tax legislation directly connects their responsibility. If one of them violates a tax code it couses negative impacts on the other one automatically. First of all, this is due to the application of penalties. Secondly, it may blow the image and reputation of the company, which may lead to the loss of a significant part of potential contracts. Therefore it is necessary to be sure in the legality of transactions that should be carried out, as well as the reliability of the tax documentation.
«allTax» advisers will help you to:
counseling for an income tax for developers;
advice on practical situations that can lead to unplanned tax audits;
presence of an attorney while tax audits;
appeal against decisions of tax authorities that apply penalties to developers and general contractors;
legal prediction of the possible litigation cases with the Fiscal Service;
advising on the tax schemes in the field of construction and real estate, which may cause penalties;
assessment of tax risks;
consultations regarding personal income tax;
consulting regarding needable documentation for a book-keepers;
tax advising in order to minimize the risks of developers to be brought to the administrative responsibility and a removal of a tax credit;
counseling of the land payments;
advice on property tax for legal entities and individuals;
consulting regarding taxation of loans and debts’ restructuring.
Additional services:
liquidation of companies;
legal assistance in the issuance of securities;
obtaining of licenses and permitions;
obtaining approvals of the Antimonopoly Commetee of Ukraine on mergers and acquisitions;
legal assistance of the creation and restructuring of holdings;
creation of investment funds in the real estate;
legal advice of purchase and sale of securities and corporate rights (shares, bonds);
due diligence of real estate and property complexes;
legal support for the sale of real estate and land;
legal analysis and preparation of contracts (agreements) with contractors and partners;
preparation of internal documentation (articles of association, minutes of meetings, internal regulations, labor contracts, orders).
«allTax» legal and tax advisors systematically monitor innovations in the field of the tax legislation and provide you with a "fresh" information.
The legal advisors of allTax helped us and some of our clients to find correct solutions for some difficult issues. We received constructive legal advise regarding the purchase and sale of real estate, rent payments, taxation, registration of real estate, investment in real estate and the protection of intellectual property rights. Terry Pickard, Pickard Real estate and assets services