This week Tony Martin, alongside Rebecca Reynard of GP Surveyors, recently hosted a webinar on Succession Planning, GP Property & Accountancy Essentials, covering a range of key topics relevant to GP partners and practice stakeholders.
The session explored:
🔹 Market Valuations
How GP properties are valued, with a focus on NHS-backed income streams, lease structures and market factors.
🔹 Financing Property Buy-ins
Key considerations for incoming partners, including funding options and lender requirements.
🔹 Putting a Lease in Place
An overview of lease types, key terms and the importance of securing NHS approvals.
🔹 Expense Responsibilities
Understanding obligations around repairs and maintenance, service charges and dilapidations.
🔹 Sale and Leaseback
What it involves, when it may be appropriate, and how it can be used to support succession planning.
🔹 Financial & Tax Considerations
Including the release of equity, repayment of existing mortgages, Capital Gains Tax and Business Asset Disposal Relief.
The webinar provided practical insights into the complexities of GP property ownership and highlighted the importance of careful planning and expert advice when navigating succession.
