Campden FB: Families should plan ahead to ensure they can make use of tax exemptions when businesses are transferred from one generation to the next, a report has advised. Global Family Business Tax Monitor,released by KPMG, found that tax rates of 40% or more on the transfer of a €10 million family business through inheritance or retirement can be cut to zero once exemptions are factored in.
Full story: http://www.campdenfb.com/article/report-urges-families-plan-ahead-avoid-heavy-succession-taxes