Family Partnership as a tax tool.

[TeslaTim]

Hi has anyone any experience or feedback on using a Family Partnership to manage personal assets and prepare for succession and inheritance going forward. and what would be involved in stting this up, id be interested in hearing if this would be useful in reducing the CAT in the future..

 

[WayOutWest]

Family Partnerships can be a very efficient vehicle for tax efficiently passing "excess" personal assets to the next generation in a controlled structure. Can be exceptionally efficient at reducing (or capping) Capital Acquisitions Tax. It is a simple legal structure but some advice needed well in advance of executing...would recommend utilising a practice experienced in putting these together if putting in place. Highly recommend in the appropriate environment.