Succession & Tax Planning

Succession & Tax Planning

Forward-thinking, practical, innovative and sympathetic advice and assistance for future-proofing your business 

A successful business rarely stands still and the future is coming whether we are ready or not! Astute business men and women understand and appreciate the need to ensure careful tax planning, not only from year to year but from generation to generation.

Succession vs Inheritance

Succession is the formal transfer of managerial control whilst inheritance is the transfer of ownership of assets. Whilst the two are often inextricably intertwined, they are separate processes, both of which can cause concern, conflict and consternation in a family-owned business.

The team at Barbers Rural are highly experienced in helping families to forward-plan for both succession and inheritance. With a deep understanding of the tax implications of inheritance our team can talk you through the options and suggest innovative ways to maximise tax benefits.

Equally as important is the transfer of control of the business and our empathetic team are able to assist families in all aspects of succession planning including:

  • Facilitating family succession discussions
  • Assisting with developing an appropriate succession plan
  • Identifying and resolving inheritance issues
  • Training and development of identified successors

Partner Louise Taylor has worked in business development and management for over 25 years. Having carried out empirical reserach in Succession Planning in Farming Families, Louise has qualified as a Evaluative Mediator with the Royal Institution of Chartered Surveyors and she employs a facilitiative approach to helping families with the difficult conversation about the future. Louise’s experience in developing family businesses, in-depth knowledge of succession planning and processing and her empathetic approach to family dynamics make her the perfect partner for your succession planning process.  Much of Louise's succession work is done under the trading name of Taylor Millbrook.

RICS Accredited Mediator