KPMG report: Domestic tax rules governing family business transfers

Detailed analysis of the outcomes of two case studies

Detailed analysis of the outcomes of two case studies

For many family businesses, sustaining prosperity for the long run depends on how well they plan transfers of business assets and family wealth from one generation to the next. Tax, legal, and a host of other issues come into play.

Read a February 2023 report prepared by KPMG International that offers a snapshot of the domestic tax rules governing family business transfers and provides a detailed analysis of the outcomes of two case studies in which the shares in a family business are transferred on the owner’s death (inheritance) and in which the transfer happens during the owner’s lifetime (gifting).

Case studies in the report show there are significant disparities between tax regimes on whether:

  • A specific tax relief is available and what conditions must be met to gain that tax relief
  • Taxes are applied on inheritances and family gifts directly or through other taxes and charges, such as capital gains taxes and stamp duties


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