Succession Planning: Plan now to succeed later

Changes introduced by the Finance Act 2012 will have serious tax consequences for business owners aged 55 to 66. If you fall into this bracket, focus on your succession strategy.

28th April, 2012
Succession Planning: Plan now to succeed later
Aidan Byrne, lead tax partner with Baker Tilly Ryan Glennon.

Changes introduced by the Finance Act 2012 will have serious tax consequences for business owners aged between 55 and 66.

If you fall into this bracket, then you need to focus on your succession strategy in order to pass on assets in a tax-efficient manner to the next generation, before January 1st 2014, the deadline for new changes to take effect.

"With effect from December 7, 2011, the rate of capital gains tax was increased to 30 per cent,"...

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