Exit & Succession Planning

A mother and father, who were the company owners of a successful company wished to retire, and pass on control of the business to their son. The company had accumulated significant money in within the company bank accounts. However throughout the years the owners wished to now transfer the company money to their own wealth but wished to minimize tax on the transfer, both for them and for their son;

Through a combination of:

  • Pension planning reliefs
  • Reliefs associated with termination payments
  • Intergenerational retirement relief tax relief
  • Business property relief
  • Retirement Relief

The company owners realised in excess of €3M tax free, while their son suffered no capital acquisitions tax.

Our Case Studies

Gavin Gilmore trading as Gilmore Insurance & Financial Services is regulated by the Central Bank of Ireland.
All rights reserved. Made by nicework.