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]
In the runup to Small Business Saturday last week, a new Disability Finance Code was launched.
New changes come into effect from January 2025 where online platforms, such as eBay and Airbnb, will start sharing some user sales and personal data with HM Revenue and Customs (HMRC).
The government’s promised new Fair Payments Code was launched last week to try and tackle late payment problems that can be particularly harmful to small businesses.
The government has unveiled some significant reforms to employment support, underpinned by a £240 million investment. The measures aim to address deep-rooted issues of unemployment, economic inactivity, and barriers to work, as detailed in the newly published Get Britain Working White Paper.