On the Costs & revenues screen, you can edit the revenues of your objects. The revenues are split in a land term and a construction term. Both figures that are always shown excluding any taxes (VAT/RETT) on the Costs & revenues screen. When you click on the land term or construction term of an object, a slide-in will appear with the details.
In the slide-in, you will find a detailed calculation of your revenue.
In the upper section of the slide-in is used to determine the sales price for your objects and apply an index to it if desired.
In the lower section is used to split the sales price into a land term and a construction term. Also, you can set the applicable tax percentage to calculate a net land term and net construction term that will be shown on the Costs & revenues screen.
Determining the sales price
Two options are available to determine the sales price. it is either based on a lease situation or a sale situation. You can pick the desired calculation by clicking on the segmetend button.
When the 'Lease' option is selected, you can enter 4 fields to determine the sales price:
- Rent: Fill in an amount of rent
- Method: Set the rent method, such as 'per net m2' or 'per unit'
- Frequency: Determine the frequency of rent.
- Yield: Enter a gross initial yield
- Sales price: Automatically calculated when previous fields have been filled. When you enter the Sales price manually, the Rent field will be recalculated.
The sales price is calculated based on the annual rent divided by the yield.
Example: 1.200 rent per unit per month (=14.400 per annum) divided by yield of 5.00% results in a sales price of 288.000.
When the 'Sale' option is selected, you can enter 2 field to calculate the sales price:
- Amount: Fill in an amount
- Method: Pick a method, such as 'per unit' or 'per gross m2'
- Sales price: Automatically calculated when previous fields have been filled. When you enter the Sales price manually, the Amount field will be recalculated.
The sales price is calculated based on the amount times the selected method.
Example with object of 120 gross sqm: 4.000 per gross m2 (120) results in a sales price of 480.000.
In the slide-in, you can apply an index to the sales price if that is desired. You can activate indexation for an object, by checking the checkbox in front of 'Indexation'.
The following fields are now shown:
- Start date: Picking a date from the dropdown will link the indexation to the selected activity or milestone. You can also select 'Custom date', allowing you to enter a specific date manually.
- End date: Similar to the start date, the end date can also be linked to an activity or milestone by selecting it from a picklist. You can also select 'Custom date', allowing you to enter a specific date manually.
- Index series: Select the desired index series from the dropdown. If you would like to work with a custom annual percentage, select 'Custom'. This allows you to enter a annual index percentage manually.
- Increase: Automatically calculated field based on the selected start date, end date and index series. It shows the increase of the 'Sales price' field compared to the 'Indexed sales price' field.
- Indexed sales price: Automatically calculated based on the sales price, start - and end date of the indexation and the index series. You can also enter a indexed sales price manually. This will recalculate the 'Sales price' field.
Once the (indexed) sales price has be determined, you can split the revenue in a land- and construction term. This section becomes available as soon as a (indexed) sales price is available. If the (indexed) sales price is 0, all fields under tax impact are disabled, untill a (indexed) sales price is determined.
On the left side of the slide-in, you can determine the share the land - and construction term. When you enter a value in the 'Land term %' field it will automatically calculate the amount that corresponds to that percentage. Since the land term and construction term alway add up to 100%, the 'Construction term %' is also automatically calculated.
In the middle you can enter a tax percentage if applicable. This field is used to exclude any taxes that are applicable on the land - or construction term. It will calculate the 'Net land term' and 'Net construction term'.
For example, this can be used to exclude VAT from your sales price. By entering the applicable VAT percentage in this field, the 'Net land term' will be calculated.