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]
From next year, Buy-Now, Pay-Later (BNPL) firms will need to work within a stricter regulatory framework. Following last year’s consultation, the government has now laid legislation before Parliament to bring BNPL under formal regulation, aiming to end what’s been called the “wild west” of unregulated borrowing.
The UK government has agreed a new trade deal with the European Union, aimed at making it easier to do business across the Channel. This follows recent agreements with the US and India and is being presented as part of a wider effort to support jobs and help businesses grow.
Last week was Mental Health Awareness Week, and to mark the occasion, the Health and Safety Executive (HSE) launched a free online learning module to help employers better understand and manage work-related stress in their teams.
The government announced major changes last week to the immigration system as part of its plan to reduce net migration and encourage more home-grown skills. If you run a business, even if you don’t currently recruit from overseas, it’s worth understanding what’s changing and how it could affect your future hiring plans.