Succession Planning: Seek advice now ahead of tax changes

If you are weighing up who will take over your company when you step down, now is the time to start asking questions

Alan Murray, Tax Partner at Mazars Ireland

If you are considering who might take over your company when you retire, now is the time to seek advice, as significant tax changes under the 2023 Finance Bill may affect you. This is the message from Mazars, one of Ireland's industry leaders in audit and accounting, tax, financial advisory and consulting services.

“Currently, business owners between the ages of 55 and 65, who fulfil certain criteria, can pass on their business to the next ...