Tax Services

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Personal taxes

EY’s Personal tax services practice offers tax-related domestic and cross-border planning and compliance assistance to Promoters, Family Offices, business-connected individuals, HNIs and their associated entities.

Generational change in family businesses is a highly complex process and often constitutes a real balancing act for everyone involved – family, company, management, and owner. In addition to practical objectives and technical aspects, the issues to resolve always have an emotional component. Succession of the business could pose a challenge especially if the businesses are set up as multi-tiered cross holding structures, extended joint families coupled with the fact that the successive generations may have varied interest or may choose a path different from the family business. Succession planning is even more complex with families/individual family members shifting base to other countries and having assets across the globe.

In order to organize a successful generational change in your company, secure life’s work and avoid any complications or disputes in future, you must establish a suitable plan at an EARLY STAGE. By helping in smooth transition of wealth to the next generation, proper succession planning can help in avoiding family feuds at a later stage.

Our Personal tax services comprise a worldwide network of professional advisors who can help you do just that. By combining diverse cross-border experience with local tax knowledge, we assist clients in income and wealth tax advisory and compliances with respect to their Indian and global wealth.

With our extensive experience working with family businesses, we can develop tailor made solutions for you in the following:

  • Succession planning;
  • Group restructuring;
  • Advising family offices on tax issues related to wealth management;
  • Taxation of private discretionary / determinate trusts, charitable trusts, etc;
  • Acting as project coordinators for your succession planning and other related objectives where we coordinate with lawyers, bankers and other advisors to provide you a seamless and integrated end to end solution;
  • Tax review of related documentation such as trust deeds, family constitution, family arrangements, shareholder agreements, etc;
  • Return preparation, related calculations and advice;
  • Integrated tax planning after considering the respective country’s tax laws.

Key regulations involved in devising a succession plan include:

EY - Key regulations involved in devising a succession plan

To find out more about the services we offer we offer in this area please contact us.

Contact us:

Partner & Leader, Family Business Services

Pranav Sayta

Partner & Leader, Human capital services

Sonu Iyer

Partner & Leader, International Tax Services

Jayesh Sanghvi

Partner, Tax & Regulatory Services

Ravi Vishwanath

Partner, Tax & Regulatory Services

Vinesh Kriplani

Partner, Tax & Regulatory Services

V Ranganathan

Key regulations involved in devising a succession plan include:

EY - Key regulations involved in devising a succession plan

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Contact us

Pranav Sayta
Partner and Leader - Family Business Services,
Tax & Regulatory Services
Tel: + 91 22 6192 0870

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