Fishing is about the most traditional Cornish business activity that you can engage in, but the tax aspects of matters such as the purchase and sale of quota and licenses can be complex and need careful consideration.
We are experienced in advising in these matters and can help you choose the most tax efficient vehicle in which to operate your fishing vessel with a view to tax mitigation.
We can also provide specialist advice on marine mortgages and share fishing arrangements, both of which are unique to the fishing industry.
Specialisms to support you further
- Preparation of accounts
- Tax returns
- Management accounts
- Cash flow projections
- Payroll, RTI and Auto-enrolment
- Accounting software advice
- Succession planning
Lang Bennetts’ Fisheries lead contacts: