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Succession Planning for the SME

 
Peter Legg Head of Inheritance Tax Trusts & Estates at Vantis presents the second in our series of articles on SMEs in which he covers succession planning for the SME
 
This is the second of a series of articles covering the life of a small or medium-sized enterprise (SME). The articles deal with the usual tax and valuation problems facing proprietors in the course of their working lives. We have so far covered tax planning on a daily basis. This article deals with succession planning/inheritance tax and preserving the value you have created.
Setting the Scene
 
It is seldom that proprietors look at this issue until perhaps later in their working lives; it is certainly not...
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