Is the budget proposal for 2012 for believers, then the succession in family owned companies require new thinking, taking the limit for special taxation of "passive money thought" lowered from 75 per cent. to 25 percent.
A double-edged sword
The Government's Budget Proposal for 2012 contains, besides a series of tax increases - including advertising printed matter levy - also elements of austerity against the implementation of succession in Danish companies and which ultimately may be the beginning of the end for a number of private companies.
On the one hand, requiring several banks in connection with a financial crisis some available cash reserves in companies so opposed to making proper capital and credit lines available. On the other hand, the new Finance Bill, mean that companies that have accumulated values in either cash or property will be considered as "passive money mind" and thus implicitly considered as part of special taxes by generational change.
25 per cent. limit
Upheld budget proposal for 2012 in its current form, then, companies with cash and / or property portfolio of more than (just) 25 per cent. of total assets special tax imposed by the implementation of a generational change. This leads naturally to an erosion of its capital reserves - and thus the potential attractiveness to future buyers.
It should be emphasized that the budget proposal is still pending and therefore can be changed in 11th hours, so check in our news forum when the final budget agreement of 2012 is ratified and what influence it might have on your business.
A double-edged sword
The Government's Budget Proposal for 2012 contains, besides a series of tax increases - including advertising printed matter levy - also elements of austerity against the implementation of succession in Danish companies and which ultimately may be the beginning of the end for a number of private companies.
On the one hand, requiring several banks in connection with a financial crisis some available cash reserves in companies so opposed to making proper capital and credit lines available. On the other hand, the new Finance Bill, mean that companies that have accumulated values in either cash or property will be considered as "passive money mind" and thus implicitly considered as part of special taxes by generational change.
25 per cent. limit
Upheld budget proposal for 2012 in its current form, then, companies with cash and / or property portfolio of more than (just) 25 per cent. of total assets special tax imposed by the implementation of a generational change. This leads naturally to an erosion of its capital reserves - and thus the potential attractiveness to future buyers.
It should be emphasized that the budget proposal is still pending and therefore can be changed in 11th hours, so check in our news forum when the final budget agreement of 2012 is ratified and what influence it might have on your business.
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