SPV Accounting Services - Setting up Special Purpose Vehicle (SPV) to Purchase Properties

Special purpose vehicles (SPVs) serve a specific purpose in many companies, particularly in the realm of property management and purchasing. As separate legal entities, SPVs are designed to mitigate risks associated with these activities.

However, due to their unique nature, SPVs often have distinct requirements when it comes to general accounting and taxation. Unlike trading businesses, SPVs typically have specialised accounting needs that focus on property-related transactions, such as rental income, property expenses, and capital gains.

They also require specific tax considerations, such as depreciation allowances and tax deductions related to property ownership. Proper understanding and management of these accounting and taxation aspects are crucial for SPVs to effectively serve their purpose within a company.

We considered ourselves as UK’s most experienced SPV Accountants. SPV Company know as Special Purpose Vehicle Company could be a great option for buying, letting out, and managing properties. One can form SPV as a limited company, trust or partnership.

Consult us to discuss your questions regarding SPV company, such as:

• What is an SPV Limited Company?
• What are the steps to Setup an SPV?
• Which SIC Code(s) Should You Use At Companies House?
• Which Buy-To-Let Mortgage Lenders Will Lend To An SPV Limited Company?
• How Much Can I Borrow With An SPV Limited Company Buy-To-Let Mortgage?
• Do I Need A Separate Bank Account For An SPV Limited Company?
• Can A British Ex-Pat Buy Property In A UK SPV Limited Company?

SPV Accounting Services

You can register a new Limited Company to use as an SPV with help of our specialist property tax accountants. We provide SPV accounting services for:

• SPV for Residential Properties
• SPV for Commercial Properties

Here are some main features of an SPV:

• You can form as a limited partnership or limited company or corporation or trust.
• All SPVs will have its own balance sheet.
• For each project, you can form several different SPVs to keep all projects independent.
• Property within an SPV, can be sold or transferred if you choose to sell or transfer ownership of the SPV.

Steps to Set up SPV Company

Are you a landlord or property investor and thinking to setup SPV company? If so here are few steps to understand what will you need?

How to setup an SVP?

• One director and one shareholder must be needed
• Required Company name, address, and details of director(s)
• The Memorandum of association (MOA) and Articles of association (AOA) should define the company as an SPV
• Define your SIC code – This will denote what your company will do
• Submit all information to the Companies House