High net worth individuals typically hold substantial assets such as shareholdings in private trading companies, property portfolios, etc.

Individuals who have spent a considerable part of their lives building their assets are focused on the preservation and growth of their wealth and passing it on to their successors.

What to consider

Some of the key considerations are:

  • Managing the sale of a family business;

  • Managing the tax aspects of retirement and pension arrangements;

  • Planning the transfer of assets to younger family members in a tax efficient manner;

  • How best to manage the assets, including family businesses, passing to the next generation.

It is important that the assets that have been accumulated over the course of many years are managed in such a way as to limit the impact of taxation on appreciating assets such as financial investments, property and family businesses. This is particularly so when looking at the transfer of assets to the next generation by way of gift or inheritance.

We have a tax team that has many years experience in dealing with the tax compliance and planning needs of high net worth individuals. This includes the use of trusts and Family Partnerships where family businesses are transferring to the next generation. In many instances the wealth of the individual includes assets located outside of Ireland which means there is the potential for tax charges arising in more than one jurisdiction.

As a member of HLB we have access to international tax advice from a global network of independent advisory and accounting firms located in 158 countries.

How we can help

HLB Sheehan Quinn has been servicing our clients’ needs for over 40 years and we have been advising them on their tax compliance and planning requirements for decades.

We provide an expert team, with a single partner lead point of contact, that will help guide you. We can review the way your current assets are structured, identify opportunities for savings now and in the future, and help implement changes that make a real difference.

If you would like to arrange a meeting to discuss your requirements and how we can help please contact us.