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Succession Planning for the OMB

Matthew Hutton, Chartered Tax Adviser, summarises the inheritance tax (and other) issues to be addressed if the succession process for the owner-managed business is to be kept as fiscally painless as possible

 
Matthew Hutton Chartered Tax Adviser summarises the inheritance tax (and other) issues to be addressed if the succession process for the owner-managed business is to be kept as fiscally painless as possible
 
Inheritance tax (IHT) is not a subject often covered in The Tax Journal. However those advising the proprietors of owner-managed businesses (OMBs) on corporate tax need to be alive to the issue. Too often those proprietors are so engrossed in the growth of their business that they leave too late the matter of orderly succession.
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