Application of the business tracking scheme in the succession law
30 June 2020 - Recently, the Supreme Court has discussed the application of the business succession scheme (hereinafter: BOR) in the Inheritance Act in three judgments. The BOR is a facility that, if the conditions are met, can postpone or significantly reduce the income and gift or inheritance tax payable on business transfers to successors. Since the judgments concerned gift or inheritance tax, we limit ourselves to this in this report.
Want to know more?
Would you like to know more about the transfer of your business and the consequences of the Supreme Court judgments for the application of the tax facilities? Please contact Bianca de Kroon by email or by telephone: +31 (0) 88 277 10 10 or with Alex Broeksma by email or by telephone: +31 (0) 88 277 10 25. They will be happy to help you.