We were joined recently by Will Ellis of BW Healthcare Surveyors, who together with our head of medical Kay Botley, delivered a very specific session for the healthcare sector – GP practice property leases and succession planning.
Will provided a summary of options available to GP surgeries when considering the future ownership of their premises, the pros and cons of sale and leaseback, putting a lease in place or transferring the NHS contract to another trust, and how to maximise the value of your premises in anticipation of disposal, and then what to do next.
Other topics included:
Kay also shared valuable accounting, tax, and financial management insights for GP surgeries who are either considering, preparing for, or progressing a property disposal including:
Finally, Kay discussed Business Asset Disposal Relief (formerly Entrepreneurs Relief) and explained in what circumstance CGT applies, and an overview of the table of lifetime limits.
You can watch the recording below:
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