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PwC’s 11th Global Family Business SurveyFriday, 05 May 2023PwC’s Family Business Survey 2023 comes at a time of great change. The optimism of a post-covid world has been sorely tested by the geopolitical
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A guide to family business succession planningFriday, 11 February 2022Succession planning is one of the most sensitive issues, and COVID-19 appears to have concentrated minds in this area. Topics such as
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Tánaiste and Minister Donohoe launch new €90m fund for Irish start-upsThursday, 10 February 2022The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD and the Minister for Finance, Paschal Donohoe TD launched a new
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According to a recent survey by European Family Business/KPMG where 23 European countries look into the impact tax can have on the transfer of a business to family members upon inheritance and retirements, family businesses in Ireland need to take note of and prepare for the heavy tax implications associated with the transfer of business ownership through inheritance or retirement.
The finding of this survey show that if unprepared the tax obligations can be severe. Of the countries surveyed, Ireland ranks 4th highest in terms of the headline rate of tax due on succession through inheritance and 3rd highest in terms of the headline rate of tax due on succession on retirement.
To get informed and better prepared, contact us for more information This e-mail address is being protected from spambots. You need JavaScript enabled to view it or tel: 021-4320466
Follow the link to read more ... http://www.kpmg.com/ie/en/issuesandinsights/articlespublications/pressreleases/pages/family-business-transfers.aspx
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