Tally Ho due for October opening

The demolition stage is now finished; the outside is being repainted and tidied up and inside there is a new kitchen, new toilets and a new bar.
Upstairs has been rearranged into a manager’s flat and two, en-suite letting rooms.
Villager Brenda Lukey said: “Our 66 shareholders and army of volunteers have helped to make this possible. However, we do still need more funding.
“Some of the work on the pub requires more specialist knowledge than we have - for example, carpenters and plasterers, plus, the kitchen needs a lot of very expensive equipment.
“If anyone can help with contacts in the catering industry, who might be able to get us discounts or equipment at cost price, please get in touch on admin@savethetally.org.uk or ring the Tally on its old telephone number, 01488 682312. We need a lot of practical help on site as well.”
The former village pub was sold to would-be developers by brewery owner Wadworths but planning permission to turn it into homes was refused.
Ater a convoluted battle, a villagers’ consortium bought it back.
They now aim to reopen the village pub in October as a community hub featuring local beers and produce.
Longer term plans include installing a micro brewery, providing bed and breakfast and opening a community shop.
Meanwhile accountants and business advisers James Cowper are helping investors and the new owners to secure tax reliefs on their investments.
A partner in the firm’s tax team, Chris Lee, said: “It is not particularly well known in the pub trade, but investors in a company that owns a pub can frequently claim Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS) tax reliefs which they can then offset against any tax that might be payable on their income.”
Investors in The Tally Ho have been able to claim SEIS or EIS tax relief against their investments of up to 50 per cent.
Mr Lee said: “The SEIS and EIS tax rules are complex, yet those businesses that can offer EIS relief will find it that much easier to secure investment. Whilst not all businesses in the leisure sector qualify, it is being increasingly used by those wishing to buy or invest in a community pub or restaurant.”
A director of The Tally Ho Community Pub Ltd, James Denholm, said: “We’ve had a terrific response to our campaign to save The Tally Ho and that is in no small part thanks to Chris Lee and his team at James Cowper.
“The ability to offer EIS has made an enormous difference offering a valuable tax relief to our investors. I will look forward to sharing a drink with Chris when we open.”
The Tally Ho is still seeking £30,000 to complete the renovation of the pub.