Peter Shand discusses the tax implications of owning and collecting art, including Inheritance Tax (IHT) and Capital Gains Tax (CGT), and emphasises the importance of tax planning and professional advice for art collectors, whether their collection is vast or modest.
Property investment manager Henderson Park and hotel operator Klarent Hospitality have acquired the 120-year-old Caledonian Waldorf Astoria hotel in Edinburgh for a reported sum of £85 million.
Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023.
The former finance director of construction outsourcing firm Carillion, Zafar Khan, has been disqualified from acting as a company director for the next 11 years due to his role in misrepresenting the firm’s financial health and sanctioning unwarranted dividends.
Economic development and community wealth building expert Neil McInroy has been appointed as the new chair of the Economic Development Association Scotland (EDAS).
Loch Lomond Distillers has reported a significant financial upswing with a 20% increase in annual turnover, surpassing the £100 million threshold for the first time.
Glasgow-based multi-service construction company Tough Construction has transferred its entire shareholding to an Employee Ownership Trust (EOT), marking it as the largest business in Scotland to do so.