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]
Rachel Reeves, the Chancellor of the Exchequer, has confirmed 26 March 2025 as the date for the Spring Forecast.
Chancellor Rachel Reeves spoke last week at a meeting of EU finance ministers as part of the government’s attempt to perform an economic reset with the EU. It was the first time a UK chancellor has attended such an event since the UK left the EU.
HM Revenue and Customs (HMRC) have announced the launch of a new interactive online tool and clearer guidance for those who are already self-employed and those considering it.
With the holidays and end of the year fast approaching, it’s a good time to plan your finances for the new year. For those who file Self Assessment tax returns, the prospect of having to make a heavy tax payment at the end of January 2025 may be causing you concern.