Advice Note 23: Capital Allowances
• Expert knowledge is required to unlock capital allowances
• Capital allowances specialists work with your accountant
• Early specialist involvement is advised
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Advice Note 22: Succession Planning
• Succession planning is complex, often emotionally-charged
• Different circumstances require different strategies
• There are two essentials: early planning and professional advice
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Advice Note 21: Inheritance Tax
Planning ahead is vital to reduce liability Navigating the tax maze is complicated Seek professional advice from specialists throughout the process Many garden centres are successful family-run businesses but when passing the business down from one generation to the next, it is vital to plan for Inheritance Tax (IHT). Planning… read more »
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Advice Note 20: When is a tenant’s break to be included in the hypothetical lease at review?
The presumption of reality Understanding the impact of specified dates Be wary of personal rights to break A typical rent review clause will usually stipulate that the hypothetical lease to be assumed will be on the same terms as the actual lease. The question is whether it is also to… read more »
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Advice Note 19: Identifying the length of the hypothetical lease that is to be assumed at review
The length of lease term assumed impacts on rental value Unless there is clear wording to the contrary, the presumption of reality will prevail The valuation implications of the assumed term must be viewed in conjunction with the property type, location, pitch, use and interplay of other review assumptions There… read more »
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