The lowdown: transferring assets to the next generation

Many parents want to pass down their assets to their children Pic: Pixabay

Passing assets onto the next generation is a topic that increasingly preoccupies people – especially business owners as they get older.

It has also become more pertinent in recent years as business values have started to recover from the crash and some business owners are questioning whether now is an opportune time to pass on assets, before they materially increase in value and possibly incur greater tax liabilities.

Passing business assets on raises ...