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The real estate industry in Hong Kong has been a key driver of the local economy for over three decades. For many organisations, real estate and physical infrastructure are major components of operational costs and typically involve significant investments which dominate the balance sheet. This means real estate decisions can often have a very significant and long lasting impact on shareholder value.
- Leading advisors to the real estate sector
At PwC, we have multi-disciplinary (audit, tax and consulting) real estate group servicing clients in the local real estate industry, which forms part of our Global Real Estate Industry practice. This enables us to provide our clients with a team of advisors who have extensive knowledge and experience of issues affecting the sector, both in local markets and also around the world. This integrated approach allows us to mobilise highly qualified teams that can respond to your opportunity or issue as and when they arise.
We know that you are constantly presented with a range of opportunities and pitfalls in the real estate business. Our Real Estate Group can assist you in achieving your goals through every phase of the real estate market and property cycles, and across a complete spectrum of activities including evaluations of acquisitions, divestitures, exploring financing options, tax restructuring, internal audit, and REITs advisory
- Tax issues for real estate
Our real estate tax team is a specialised team of professionals who focus on advising our clients on the tax issues associated with their local, regional and international real estate business. We provide the full range of tax services and advise on all of the tax issues that may arise from the life cycle of real estate investment, including acquisition structuring, ongoing tax compliance during the ownership period, and formulating exit strategies.
More about Tax issues for real estate
- Changes in accounting rules and practices
A new wave of accounting changes will need to be applied by IFRS/HKFRS reporters within the next three years. Not all of these changes will be significant to the real estate industry, but many will require careful consideration and well prepared implementation. It will be important for businesses to have a clear understanding of how upcoming accounting changes will impact not only on financial reporting processes and controls, but on the short to medium-term strategic plans for the business, its commercial activities, its operational structures, employee training and development, and existing IT systems and processes. PwC has the leading industry expert who will share their insights and experiences to help your business prepare for the changes.
Visit our Global Real Estate website