A married couple who were directors of an SME were considering retirement but had underfunded their pensions.
Their two sons were actively involved in the business but there was no plan in place to determine succession of the business.
The Business was transferred to the next generation in a tax efficient manner while also yielding a tax-free lump sum to the parents for their retirement.
CTS were asked to advise on a sizeable estate with assets in USA, UK and Ireland and beneficiaries resident throughout the world.
CTS secured CAT, CGT and Income Tax clearance for the estate in Ireland, minimising inheritance tax and ensuring final distributions to beneficiaries in a tax-efficient manner.
A nursing home owner was contemplating the sale of its business.
There was a complex ownership structure in place, with other business interests in the group and a building in personal ownership.
Successful sale of the nursing home business in a tax efficient manner.
The Client had purchased a large shopping centre complex and subsequently wished to sell a number of units in the complex.
Client successfully completed transaction in a tax-efficient manner.
The Client is a family-owned SME in the service sector whose business was growing to such an extent that the existing corporate structure was no longer fit-for-purpose.
The family wished to re-organise the business with a view to business expansion, succession planning and putting in place a non-disclosure structure.
The revised structure serves the client’s purpose effectively, allowing unimpeded business expansion. There has also been a tax-efficient transfer of a part of the business to the next generation.