High expenditure

Due to the high level of maintenance required on holiday homes, the running of a seasonal caravan or park home can be more expensive for landlords to manage than a standard buy-to-let residential home.

Taxation

The new tax structure imposed on landlords for buy-to-let properties makes holiday-home ownership more desirable due to tax breaks that they receive. Additional tax-saving benefits are available – for example, capital allowances can be offset against general income of a park owner.

Succession planning

It is important that caravan and park owners assess the trading status of their company for inheritance tax (IHT) purposes. Many make the assumption that their business will be fully covered by business property relief however this is not always the case and careful planning is needed. Our tax specialists can discuss the status of your business and advise on the best way to avoid IHT.

We’re here for you

As proud members of the British Holiday & Homes Park Association (BH&HPA), we offer a full range of business services to the caravan and park homes sector. Services include:

• Accounts preparation
• Acquisitions and disposals
• Cash flow management
• Investments
• Personal services
• Statutory audit and review of operations efficiency
• Tax planning

Contact us today with any questions about your caravan or park home, and our specialist team will be on hand to help.

Access to finance

Leisure and Tourism has one of the largest variations in businesses that fall under an industry title, but is also known to be one of the most competitive. To grow and stay ahead of your competitors can be costly and lead to restrictions in your cash flow.

Whether you’re looking to buy new premises and equipment or to take on new employees, having suitable financial partners is paramount to success.

Our advisers work with you to identify the best financing and funding options for your business, book your free access to finance consultation today.