Estate Planning & Capital acquisition tax
The future can't be predicted, but this should not mean you put off the plan for it. Mapping out your wishes and goals can help HLB Ryan achieve them for you. With bespoke tax planning, it is possible to minimise or even eliminate the amount of tax payable on the transfer of your assets to your loved ones.
HLB Ryan specialises in offering individuals and their families bespoke advice on all aspects of succession, tax and estate planning and in structuring their affairs in a tax-efficient manner. For example, we can provide you with tax advice on transferring wealth to the next generation or extracting cash/assets from your business. We can also provide you with tax advice on the use of trusts and foundations.
Some of the more common exemptions/reliefs include:
• Small gift exemption
• Exemption for spouses
• Agricultural relief
• Business property relief
• Credit for Capital Gains Tax paid against Capital Acquisitions Tax due
• Exemption of certain dwellings