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Business owners may, at some point, wish to consider retirement from the business or handing over to family members. 

Inevitably, succession can result from the illness or death of business owners and adequate planning is just as important in these circumstances as it is for retirement.

Tax implications might include:

  • inheritance tax
  • capital gains tax
  • corporation tax
  • trust tax
  • VAT

This can be a very complicated and sensitive area spanning many tax aspects. At MMP we work with you to understand your long-term aspirations (whether planned or otherwise) with a view to ensuring that provision is made or even mitigated for potential taxes and unseen events.

As part of retirement planning, we would offer appropriate advice relating to provisions for pensions and investments through our registered financial planning partners.

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