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How to plan a business succession in order to avoid fiscal consequences?

As a business owner, you are no doubt reminded daily that the taxman is your principal business partner, since you share with him a significant portion of your annual income, sometimes almost 50%. This reality is that much more difficult to accept when a business owner realises an additional tax can be levied upon his death. It is therefore recommended to turn to tax experts and financial planners whose job it is to implement tax and financial mechanisms to reduce, defer and perhaps even eliminate the tax consequences upon his death or the transfer of his business.

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