Chemist + Druggist is part of Informa PLC


This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Business sales surge

The planned scrapping of capital gains tax relief has prompted a "surge" in pharmacy sales since October, lawyers and business transfer agencies have reported.


From April 1 pharmacy sellers face a capital gains tax bill of 18 per cent, up from the current 10 per cent, prompting those planning to put their businesses on the market to bring sales forward.


But they added that neither the glut of businesses on the market nor the recent category M clawback had reduced sales values.


The number of sales instructions taken by pharmacy law specialists Charles Russell had doubled within the past six weeks, head of healthcare transactions Tim Jenkins said. "[Prices are] still driven by the individual proposition you're selling. It's still a seller's market."


The increase in transactions was confirmed by business transfer agency Orridge Pharmacy Sales. High demand had easily absorbed extra availability without the need for reassessing valuations, sales manager Tony Townsend said.



Pharmacy Dispenser/ Technician
Bethnal Green North, London
Salary: Up to £30,000

Apply Now
UsernamePublicRestriction

Register

CD009567

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel