Special Purpose Vehicle accounts (SPV)

A Special Purpose Vehicle or SPV is generally a type of company that can be set up to hold a property. For example, where property developers want to obtain finance for their projects an SPV is normally used as it is a company that can be used on one project only and therefore represents fewer risks and liabilities for the lenders.

Due to section 24 interest restriction on property loans held by individuals and partnerships, many people are setting an SPV to buy the properties as interest as an allowable expense under the limited company. 

If you’re planning to set up an SPV, or already have an SPV and would like us to manage the company for you, our accountant for SPV’s can help you.

Our services include:-

• Assessment on whether an SPV is right for you.
• Forming the SPV in the correct structure.
• Liasing with lenders
• Preparation of the year end accounts and corporation tax computations
• Company secretarial duties.
• Ongoing support and advice.