--- title: accounting and financial planning - rectifying a property transaction description: WLM’s combination of accounting and financial planning appeased the banks with clear, detailed cash projections backed up by believable assumptions. image: https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Houses.jpg --- [![WLM_Logo_RGB_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=521&height=169&name=WLM_Logo_RGB_Orn50.png "WLM_Logo_RGB_Orn50")](http://wlm.com.au/) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) # News, views and more ![Amanda Rogers](https://insights.wlm.com.au/blog/Amanda%20Rogers) **Amanda Rogers** 20 August 2019 — 1 min read ### Share [mailto:?subject=Over%20the%20line:%20Rectifying%20a%20complex%20property%20transaction&body=https://insights.wlm.com.au/blog/over-the-line-rectifying-a-complex-property-transaction](mailto:?subject=Over%20the%20line:%20Rectifying%20a%20complex%20property%20transaction&body=https://insights.wlm.com.au/blog/over-the-line-rectifying-a-complex-property-transaction) [mailto:?subject=Over%20the%20line:%20Rectifying%20a%20complex%20property%20transaction&body=https://insights.wlm.com.au/blog/over-the-line-rectifying-a-complex-property-transaction](mailto:?subject=Over%20the%20line:%20Rectifying%20a%20complex%20property%20transaction&body=https://insights.wlm.com.au/blog/over-the-line-rectifying-a-complex-property-transaction) ![Accounting and financial planning](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Houses.jpg) ## Over the line: Rectifying a complex property transaction Our client, a successful business owner, had purchased a property to knock down and redevelop as a new family home, intending to sell the current family home once the development was complete. She contacted us to arrange the finance, as we’d restructured her business several years earlier and were familiar with its current financing arrangements. We also knew the banks would want detailed cashflow forecasts to show the business could service the loan, given her self-employed status. The problems began when we learnt the existing building on the property had been demolished before the loan application was complete, dramatically reducing the property value. The family was now stuck without finance to build their new home, potentially risking a forced sale of their current home, and having to rent elsewhere until the new property was complete. Understandably, tensions were running high.  WLM’s approach was to deploy our signature combination of accounting and financial planning expertise, appeasing the banks by producing clear, detailed cash projections backed up by believable assumptions. Thanks to our extensive networks in the finance industry, we were able to get the finance across the line. The client’s dream home was built, they were able to sell the original home on their terms and are more than happy with the outcome.  For more information on WLM Financial's single-team approach to help you across your entire financial life: business and personal, accounting and financial planning click [here.](https://www.wlm.com.au/)Or contact us if you would like assistance with your 2019/2020 personal or business tax returns [here.](https://www.wlm.com.au/contact/) C ### WLM can help [If you'd like help](https://www.wlm.com.au/) with understanding your obligations or any further information, [please contact us today.](https://www.wlm.com.au/contact/)   [![Buying a property with a business partner free eBook download guide](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/6037207/ae021a02-c487-4cbe-a709-59c2a355942e.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/6037207/ae021a02-c487-4cbe-a709-59c2a355942e) ##### Make a comment [Previous](https://insights.wlm.com.au/blog/best-accounting-software) [Next](https://insights.wlm.com.au/blog/last-hour-financial-planning-in-terminal-illness) ## Wealth matters. 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WLM does not however warrant the accuracy of the information and forecasts possibly contained in the WLM website. No visitor to the site should rely upon the information and/or recommendations contained in the WLM website. WLM strongly recommends that all prospective purchasers of securities should make their own inquiries and seek professional advice before acting on any of the information contained in the WLM website. Should you wish to seek advice, please feel welcome to [contact us](http://wlm.advisclient.com.au/contact/). ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Amanda Rogers", "url" : "https://insights.wlm.com.au/blog/author/amanda-rogers" }, "dateModified" : "2024-12-23T22:45:31.568Z", "datePublished" : "2019-08-20T04:48:00.000Z", "headline" : "accounting and financial planning - rectifying a property transaction", "image" : [ "https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Houses.jpg" ], "mainEntityOfPage" : { "@id" : "https://insights.wlm.com.au/blog/over-the-line-rectifying-a-complex-property-transaction", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.wlm.com.au/hubfs/WLM_Logo_RGB_Orn50.png" }, "name" : "WLM Financial Services Pty Ltd" } } ```