Dec 2 2020 Corporate Finance activity in holiday park sector Categories: Corporate FinanceLeisure At EQ, we act as specialist holiday park advisers to the sector and are members of the British Homes and Holiday Park Association (BH&HPA). Despite the ongoing pandemic, we’ve seen a variety of activity within the sector over the last 6 months, particularly in relation to financing development or acquisitions. We’ve summarised the main themes more
Dec 1 2020 Supporting our clients, Tayside Forestry Categories: COVID-19Leisure At EQ, our clients continue to be our priority and we work closely with them to ensure we can offer our support and advice. One such client, Tayside Forestry, is one of the UK’s largest Christmas tree growers based at Templeton Farm. The family business is now run by Brian Hughes, son of Gordon Hughes more
Nov 27 2020 Are you considering selling your furnished holiday let? Categories: Leisure If you are thinking of taking advantage of the high housing prices and selling your furnished holiday let (FHL) in the next few years, you may qualify for Business Asset Disposal Relief (BADR). The relief allows the capital gain to be taxed at a flat rate of 10%, compared to up to 28% for a more
Nov 24 2020 Supporting our clients, Peacehill Farming Limited Categories: AgricultureCorporate Finance Peacehill Farming Limited is a large and diverse family run company based in Wormit, Fife. The Forster family have farmed at Peacehill since 1926, now in the 4th generation, the business is run by Ross Forster in conjunction with his wife Emma and parents, Peter and Mary. We have acted for the family for over 20 more
Nov 19 2020 Plan ahead to capitalise on vital tax relief extension Categories: Agriculture The Government recently extended the temporary increase of the Annual Investment Allowance (AIA) until 1 January 2022. It was due to revert to £200,000 at the end of 2020, but it will now remain at £1m for another year to help stimulate investment. The AIA provides 100% tax relief on qualifying capital expenditure up to more
Nov 17 2020 The importance of getting furlough claims correct – or pay the consequences Categories: COVID-19Healthcare The Coronavirus Job Retention Scheme (CJRS) has been vitally important for virtually all businesses within the Healthcare Sector. The scheme became more flexible from July and after the most recent announcement to extend this scheme, it will continue to 31 March 2021. The ever-changing eligibility will put added pressure on Healthcare payroll staff to ensure more
Nov 16 2020 Making the most of the increased AIA limit extension Categories: LeisureTaxation With many leisure and hospitality businesses either closed or working on reduced capacity due to COVID-19, and the recent extension of the Annual Investment Allowance (AIA) limit, now is the time to review your planned capital expenditure to avoid missing out on valuable tax relief. The AIA limit of £1m was due to drop back more
Nov 10 2020 How we’ve been supporting our clients, Sandy Smith Golf Categories: COVID-19Leisure The leisure industry has been heavily impacted by COVID-19, with many having to close their doors during some of their most lucrative months. At EQ, we have worked closely with our clients to provide relevant support and advice to ensure they are able to welcome back their own customers as soon as it is safe more