Nov 3, 2024
It is perfectly possible to transfer a share of the estate to another person. It is worth bearing in mind all the tax consequences. After the death of the deceased, a partner in the estate can transfer his or her share of the estate to another person, for example by selling or donating it. This can be anyone...
Nov 1, 2024
It is likely that every business will be subject to a tax audit at some point in its life. Below I set out how a tax audit works, the rights and obligations of the taxpayer and what to do in the event of an audit....
Nov 1, 2024
Acquisition of own shares refers to a situation where a company acquires its own shares from its shareholder voluntarily for consideration by agreement between the parties. The Companies Act gives a very free hand to the acquisition of own shares. On the other hand...
Oct 30, 2024
Sale of estate property Estate property can be sold before the distribution of the estate for a number of reasons. Sometimes the sale of assets is necessary in practice to provide the estate with ”liquid assets” to pay the debts of the deceased or the estate. Debts...
Oct 29, 2024
There are usually two main ways to dispose of a business, either by selling the shares in the company or by selling the business. However, there is no single right way to do a generation transfer or a business sale. Due to liability issues, it is common that if...
Oct 28, 2024
The distribution of an inheritance does not always go as expected, and sometimes one of the partners in the estate discovers a mistake in a distribution that has already been made. In such situations, the partners have the possibility to ask for the distribution to be annulled or corrected by bringing an action for annulment in court. The...
