Succession Planning

O’Hanlon Tax provides comprehensive succession planning services to help clients pass on wealth and business interests in a structured and tax-efficient manner.  

We advise on the tax implications of key documents proposed to provide legal and practical safeguards such as Wills, enduring powers of attorney, shareholders’ agreements, and keyman policies.  Where trusts are appropriate, we can advise on the use of discretionary, protective, interest in possession, or generation-skipping trusts to protect vulnerable beneficiaries, and address complex family dynamics.  

We assess eligibility for reliefs including Capital Gains Tax retirement relief, Capital Acquisitions Tax business and agricultural relief, and dwelling house relief.  

We also advise on corporate restructuring to maximise reliefs, and review valuations of private companies and underlying assets from a taxation perspective. Where there is a foreign tax exposure we cover double taxation aspects and residence planning. Succession planning is highly individual and requires tailored advice to ensure that both tax and family objectives are taken into consideration.