Not-for-profit structures are increasingly seen as an attractive model since they provide a single focus vehicle for the development of leisure and cultural activities away from wider corporate distractions and can offer a way to incentivise employees. If structured correctly, they can also offer significant fiscal benefits through savings in business rates, VAT and stamp duty land tax.
We have acted on the establishment of numerous leisure trusts for local authorities advising on the advantages and disadvantages of different models of provision and the regulatory issues involved.
