Tax Planning for Family Businesses

A private company or privately-owned business can have many advantages for its owners and directors and in particular may be a major source of wealth. However, no successful business can stand still indefinitely and planning for the future may include:

transfer to the next generation
preparation for sale or merger
financing retirement
transfer of ownership while retaining management control
sale and purchase options and agreements between partners and shareholders
life assurance arrangements
use of discretionary trusts, either in lifetime or by Will, to take advantage of special tax reliefs

No two families or businesses are the same. Successful planning requires time and thought in advance in order to identify what is really important. We are always willing to work with you to develop a strategy that is right for your individual circumstances.

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