One Formula Limited Liability Partnership is a Manchester firm which brings together the expertise of a group of industry-pioneering experts. Including a financial advisor, city trader, insurance advisor, ex-Wales international rugby player and a former police officer, the company specialises in tax efficiency packages. Recently, the Manchester firm has announced plans of investing millions in historical houses and buildings across Cheshire, as part of its latest tax efficiency scheme. The announcement comes several weeks after the fiscal and financial experts announced plans to lend their expertise to the charity sector. News reports, citing senior company executives, have detailed plans for an animal welfare charity, a knife crime charity and a Cold War tank museum.
Cheshire’s Historical Houses
Cheshire is one of the most affluent areas in the North West of England and is home to hundreds of Grade I and Grade II* historical listed buildings. Cheshire’s modern day ‘millionaire’s row’ in Hale Barnes is rivalled by the plush opulence of vast historical country estates. From today’s world-leading football stars and celebrities, to figures of great national prestige of the past, Cheshire has been home to countless infamous and world-renown personalities. With such figures, possessing such riches, Cheshire’s historical houses are unrivalled across the whole of the UK. Deansgreen Hall, Dunham Massey, Tatton Park, Lyme Park and Capesthorne Hall, just to name a few, all encapsulate a charm unique to Cheshire’s historical buildings.
One Formula LLP Invests in Cheshire
With little known about the details behind the investment plan, speculation is rife that its main purpose is to serve as part of a tax efficiency scheme. Hm Revenue and Customs offer various forms of tax relief on listed buildings and other heritage assets. Subject to eligibility and qualification, historical buildings and even historical artefacts may be exempt from capital gains tax and inheritance tax. Moreover, conditional exemption applies to buildings or locations of outstanding historical or scientific interest.