Archive for June 2011
Succession Planning Passing on the Family Business
As experienced business and taxation advisors we see firsthand the practical difficulties in successfully transferring the family business to the next generation. Much of it comes from lack of communication and planning. Research shows that only 25% of family businesses successfully pass onto the next generations. However, if succession is looked on as an opportunity…
Read MoreWill I lose Unused Section 23 Property Relief
Is there a way to protect all capital allowances on your section 23 property for future use? Maybe, so read on….. It is estimated that over 33,000 properties in Ireland remain eligible for Section 23 relief. Figures indicate that the remaining allowances on these schemes is costing the taxpayer €400m per annum. In light of…
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