Unfortunately, in tax terms, park operation is a “property related business” which means that valuable reliefs available to many other businesses may not be available to reduce or eliminate the tax bill. With the right advice and expertise, there are a number of practical steps you can take to increase your likelihood of eradicating or dramatically reducing any inheritance tax bill that you may face when passing on your business.
As we understand that families want to ensure their business can be passed down through successive generations without suffering the impact of Inheritance Tax, we specialise in advising clients on planning ahead. We can help you to ensure your business is in the best possible position to take advantage of all appropriate tax reliefs on succession planning, whilst at the same time understanding the practicalities of running your business.
However, our expertise in this sector does not end here.