Change of generation
The planning and implementation of a generational change are topical in many companies.
Generation-skipping transfer and taxation
A generational change is an individual event for each company, and tax issues may arise:
- income tax
- inheritance tax
- gift tax
- transfer tax
- VAT
The tax consequences may apply not only to the transferor and transferee, but also to the company being transferred. We recommend that you familiarise yourself in advance with all the tax consequences mentioned above in order to optimise the tax benefits of the generation-skipping transfer.
Tuula Rainto, [email protected], 045 111 5577
A change of generation and properly drafted documents
This is an issue of both emotional and financial importance for both the transferor and the transferee. This almost invariably requires specialised legal expertise. Properly executed, the transfer of assets can bring significant tax advantages in terms of income and gift tax. The right way of doing it gives the successor who takes over the business a secure and legally sustainable basis for continuing the business.
Change of Generation and Amos Law Firm
We will help you to achieve the above objectives, tailor the documents and provide tax advice to suit your situation. You can consult our price list Here
Tuula Rainto, [email protected], 045 111 5577