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Generational transfer and taxation

Examine carefully the taxation issues concerning a generational transfer well before the process itself. A well-planned generational transfer may reduce the tax consequences for your company. In a generational transfer, the retiring owner may have to pay taxes on capital gains. The successor may have to pay taxes on gifts, inheritance and capital gains. You should use expert assistance in taxation issues when planning a generational transfer.

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Updated: 5/27/2019