Matthew Hutton Chartered Tax Adviser summarises the inheritance tax (and other) issues to be addressed if the succession process for the owner-managed business is to be kept as fiscally painless as possible
Inheritance tax (IHT) is not a subject often covered in The Tax Journal. However those advising the proprietors of owner-managed businesses (OMBs) on corporate tax need to be alive to the issue. Too often those proprietors are so engrossed in the growth of their business that they leave too late the matter of orderly succession.
Scope Of The Article
The OMB will usually be a company (or group of companies) as assumed by this article: while most of the principles discussed apply...
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Matthew Hutton Chartered Tax Adviser summarises the inheritance tax (and other) issues to be addressed if the succession process for the owner-managed business is to be kept as fiscally painless as possible
Inheritance tax (IHT) is not a subject often covered in The Tax Journal. However those advising the proprietors of owner-managed businesses (OMBs) on corporate tax need to be alive to the issue. Too often those proprietors are so engrossed in the growth of their business that they leave too late the matter of orderly succession.
Scope Of The Article
The OMB will usually be a company (or group of companies) as assumed by this article: while most of the principles discussed apply...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
