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Tax and Legal Framework

Succession tax planning

Creating a business that will last, whilst at the same time building value that endures is surely every entrepreneur’s dream.

Passing on your business to the next generation might be the next step. However, a lack of proper succession planning may result in a tax burden that will significantly reduce the wealth available to the future generation. Ensure the most tax efficient and effective method regarding the future succession of your business, whilst maintaining business and operational objectives.

Businesses usually fail to assess the potential tax exposure once the business is passed on either during one’s lifetime or upon one’s passing away. Such businesses need to be professionally valued in order to assess the likely tax liability in terms of capital gains tax that would need to be forked out, as well as the duty incidence that the heirs might have to pay.

Our tax advisory team of lawyers and accountants can help you to act immediately. We can offer long term personal tax planning solutions so that upon your demise, your loved ones are not left with hefty tax bills that they cannot afford.

Our services

  • Review of current structure of ownership;
  • Planning for disposal, transfers, and restructuring;
  • Proposal of tax-efficient succession structures;
  • Stamp duty and tax considerations;
  • Efficient use of trusts, foundations and other vehicles;
  • Usufruct considerations;
  • Assisting in meeting compliance obligations;
  • Donations vs inheritance considerations;
  • Real estate planning;
  • Advice on the structuring of the Board of Directors;
  • Advice on the distribution of voting rights and dividends; and
  • Drafting of tailor-made shareholders’ agreements.

Succession Tax Planning

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Disclaimer: This marketing material has been issued by Nexia BT, having registered address at The Penthouse, Suite 2, Capital Business Centre, Entrance C, Triq taz-Zwejt, San Gwann SGN 3000, Malta. Any information within this brochure should be taken as a general guide only and should not as advice and its application to specific situations depend on the particular circumstances involved. Readers are recommended to seek professional advice and should not rely on information provided in this brochure as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Nexia BT accepts no responsibility for any errors or omissions it may contain, whether caused by negligence or otherwise, or for any losses, however, caused, sustained by any person that relies upon it. BTI Management Limited is a registered as a Company Service Provider by the Malta Financial Services Authority. BT International Limited is authorized by the Malta Financial Services Authority to provide fiduciary services which do not include acting as a Trustee. Both companies form part of the Nexia BT Group.