Tax Saving Ideas - Idea No. 2 - Consider the benefits of having a holding company
Each week we are sharing a series of tax saving ideas that are relevant to entrepreneurs, family businesses and owner managed businesses.
Our second tax saving idea in the series is:
2. Consider the benefits of having a holding company
A holding company is a separate parent company created to own a controlling interest in one or more subsidiary companies. A holding company doesn’t necessarily trade itself; its main purpose is to form a corporate group.
There are various reasons why having a holding company in a group structure is more beneficial than having a stand-alone company, such as:
As always, the key to successful tax planning is to seek advice as early as possible.
If you would like more information or would like to discuss your tax affairs in more detail please contact: