#REBTES Gifting tax discounted to 0% for family businesses
#REBTES Gifting tax discounted to 0% for family businesses
As part of exploring the best European practices in entrepreneurship development within the "Development of Regional Ecosystems for Business Transfer of Small and Medium Enterprises (REBTES)" project, implemented under the Interreg Europe, we continue to highlight successful initiatives that support the sustainable development of family businesses and ensure business continuity.
One of these best practices is the reduction of the gift tax rate to 0% for family businesses. This policy was introduced to make the transfer of businesses from one generation to the next easier by eliminating significant financial barriers.
Transferring a family business is often associated with high tax costs, which can complicate succession or even threaten the future of the company. By introducing a 0% gift tax, business owners can transfer their companies to the next generation without additional financial burdens, ensuring business continuity, preserving jobs, and supporting long-term growth.
This practice contributes to the long-term development of small and medium-sized enterprises (SMEs) by strengthening family-owned businesses and preserving valuable experience, professional knowledge, and entrepreneurial traditions. At the same time, it supports regional economic development, as family businesses play a vital role in local economies.
Learn more about the practice: https://www.interregeurope.eu/good-practices/gifting-tax-discounted-to-0-for-family-businesses-0
“Developing Regional SME Business Transfer Ecosystems (REBTES)” project is implemented under the Interreg Europe Program, funded by the European Union. The contents of this publication are the sole responsibility of the author. The management of the Interreg Europe Program is not responsible for any information contained in this publication.
https://www.interregeurope.eu/rebtes
#REBTES #InterregEurope #businesstransfers #ecosystemmapping #policylearning
