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Business
Trading structures for veterinary practices
  1. Andy Moore

    Andy Moore is a partner in the Moore Scarrott Partnership, based in Wellington, Somerset, providing specialist accounting, taxation and practice management advice to the veterinary profession.

Abstract

TRADITIONALLY, the options for structuring a veterinary practice were restricted to the sole principal set-up or the partnership and, although the RCVS relaxed the rules governing trading structures for practices some years ago, these remain the most common trading vehicles in the profession. In the first of two articles, Andy Moore looks at the different trading structures that are available for veterinary businesses and, in the light of changes in the tax treatment for some of these structures, outlines the various opportunities and drawbacks that come with each one.

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