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Caravan Parks
Morris Lane recognises the complexity of taxation rules for caravan holiday and home parks and offers a specialist service to park owners. Established over 25 years we have clients nationwide who enjoy our personal service and industry expertise.
As a site owner you may undertake major capital expenditure on the park. It is essential when preparing specifications for the project to ensure you can take advantage of the capital allowances available to minimise tax liability. Our years of experience in this complex area of taxation will stand you in good stead to make the best use of the allowances available.
There are special VAT rules applying to the park sector and it is important to understand the difference between the rules for different utility supplies and the distinction between residential and holiday parks for VAT purposes.
Our experience in applying the best business structure for your park can have significant tax benefits covering several different areas of tax, including National Insurance, Income Tax, Capital Gains Tax and Inheritance Tax. We will advise on whether sole trader, partnership, limited company or LLP is right for you.
Just looking at the changes to the way parks are treated for Inheritance Tax purposes can be a minefield and our expertise will ensure you can maximise the relief available to you, with potential to reduce or even negate the liability altogether.
Please give us a call to discuss this and the other issues affecting your business.

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