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Succession Planning

Efficiently plan the transfer of assets to the next generation, during your lifetime or after.

Leaving On Your Terms

Identifying and nurturing future leaders is the key to succession planning. Whether the departure is planned or sudden, the gap must be filled by someone with knowledge, experience, and expertise. Succession planning is important for the whole team as you develop internal talent to ease the burden of finding people for higher positions within your company. These steps ensure a smooth transition while enabling you to leave on your terms.

Effective Succession Planning

Effective succession planning will ensure your company and assets are protected during your departure, whether planned or unplanned. No matter the reason, we can help develop a plan for a smooth transition. Three of the most important aspects we cover are:

Legal & Regulatory Considerations

Planning all tax, legal, and regulatory requirements for a smooth and seamless transfer in your business.

Efficient Transfer

Ensuring the people taking over the business are not burdened with tax bills and challenges that may disrupt trade.

Asset & Wealth Management

Ensuring assets and wealth are managed correctly, whether with inheritance tax or with the new owner.

Get in Touch

To discuss your succession planning requirements with a member of our team, complete the contact form and we’ll get back to you.


    25 Stephen Street, Sligo, Ireland

    Phone number

    +353 71 916 1747


    Succession Planning Services

    The key factors to consider in succession planning are listed below. The list is not exhaustive, and neither is it in any order of priority as businesses have different needs. However, it will give you an overview of what is involved. The aim is to produce a confidential and comprehensive succession planning report that will confirm what, if any, tax, financial, or legal changes are required and how and when they should be implemented.

    Capital Gains Tax (CGT)

    It is important to understand how tax thresholds, rates, exemptions, and allowances are applied.

    Capital Acquisition Tax (CAT)

    Making sure there is clarity on exemptions, indexation, tax rates, and how relationships affect tax due.

    Retirement Relief

    It is not a requirement to retire. The criteria to claim retirement relief include age bands, type of asset, relationships, and lifetime limits.

    Stamp Duty

    Where stamp duty applies to the transfer of property, land, or shares, it is important to ensure all exemptions and reliefs are used.

    Retirement Planning

    Executive and personal pension plans are attractive tax-efficient methods of extracting wealth from the business.

    Business Structure

    Reviewing the structure of your business is also an opportunity to consider the tax advantages of one structure versus another.

    Inheritance Tax

    The last will and testament of a business owner should facilitate inheritance without increasing business trading risks.

    Wealth & Asset Management

    Effective succession planning should optimise your tax position with consideration of future wealth creation and asset management factors.

    Succession Planning+
    We can offer combined services that include succession planning, or we can provide succession planning as a standalone service. Get in touch to learn more.

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