Time is of the essence when it comes to succession planning

In the context of succession planning, we at Investec typically encounter two types of client: the “capital acquisitions tax is their problem rather than mine” client, and the “how can we maximise our family’s wealth?” client.

If we cast our minds back to 2009, CAT was less of an issue for families. The tax free threshold for gifts or inheritances from parent to child was €543,000, with any excess subject to tax at ...