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Sucession Planning

blog · 2010-03-02 14:25:46

I own a family run construction company. I wish to pass the business onto my childrens who have worked in the company for more than 10 years now. Some of the assests of my company include, rental income, investments, building land, cash etc. I was recently told that only my core business which is construction can be passed…

02-03-2010 2:25pm

#1

blog

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I own a family run construction company. I wish to pass the business onto my childrens who have worked in the company for more than 10 years now. Some of the assests of my company include, rental income, investments, building land, cash etc.
I was recently told that only my core business which is construction can be passed on with exemptions from CGT and CAT and the rest of my assets would incur tax rates of 20%. Is this true?

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#2 02-03-2010 2:38pm

Mr. Incognito

Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭

Join Date: March 2007

Posts: 9552

Oh God. No.

You cannont, and should not be looking for this sort of advice on a public forum.

Please visit a professional. You are talking about complicated tax structures here.

Please read the charter.

Thread closed and enjoy your retirement.

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This discussion has been closed.