Property-based Businesses
Protecting your Property-based-business investments
Property based business, such as hotels, care homes and wedding venues, have witnessed a massive growth in values. The owners of such businesses may be laughing all the way to the bank but there are many issues which, if left outstanding, will raise serious problems in the future.
You can rely on us and our years of experience and expertise dealing with property based businesses to provide you with advice about:-
• Incorporation or dis-incorporation
• Extraction of income: dividends or salary or a combination of the two
• Employee trusts and share options
• VAT and Stamp Duty planning
• Succession planning: Capital Gains Tax and Inheritance Tax
Whether such assets are in a limited company or privately owned, a substantial capital growth tax liability will arise when sold. Even if there is no intention to sell, Inheritance Tax at 40% on the value of the asset looms large.
Here at Cartwrights, we never let you forget that constant analysis of the future of your business is essential and that it may require restructuring or fundamental redirection! Our essential objective is clear – Wealth Maximisation.
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Latest news from [Company name]
The tax rules on Benefits in Kind (BIKs) are changing. From 6 April 2027, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits in Kind and expenses’ comes into force. Phase 1 will apply only company cars, car fuel, vans, van fuel and medical benefits.
Energy regulator Ofgem has announced a 4% increase in the energy price cap for the period covering 1 October to 31 December 2026. This increase reflects higher wholesale gas prices due to the ongoing conflict in the Middle East, with volatile global gas markets remaining the dominant driver of price changes.
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026.