The situation
The founders have ambitions to expand the number of homes in their portfolio in order to increase capacity and offer greater choice to market. At the same time, they are determined to keep Sohal Healthcare a family concern, so that they can maintain the ethos and values of the business.
When Haines Watts was first introduced to the owners, profits were strong and the business was growing. As part of their long-term plan, the owners were seeking to purchase land in order to develop modern purpose-built care homes.
The owners wanted to ensure, before purchasing land and committing to development, that the business was structured tax efficiently and that any transactions were undertaken with tax optimisation in mind.