May 2023

Family Foundation Webinar

The Penteris tax team will be running two webinars on the new Family Foundation, which as well as being used for succession planning, can also be an effective tax planning tool. One will be in Polish (15.05.23) and is organised together with Wolters Kluwer while the other will be in English (29.05.23).

The establishment and the transfer of assets to a foundation is not subject to taxation and the legislator has provided favourable tax rules for foundations. Additionally, a family foundation is a legal entity, but CIT does not have to be paid until benefits are paid out to beneficiaries.

However, taking full advantage of this these preferable conditions requires a detailed analysis of the new regulations and identification of areas of potential tax risk.

Our webinar includes:
1. The family foundation: an overview
2. Contribution of assets: tax consequences
3. Activities of a family foundation: tax consequences
4. Payments to beneficiaries: tax consequences
5. “Hidden profits”
6. Liquidation of a family foundation: tax consequences

The webinar is aimed at:
1. Entrepreneurs interested in the possibility of making use of a family foundation
2. Tax advisors
3. Accountants
4. Lawyers

Register for the Polish webinar on 15 May 2023 at 12:00 CET.

Register for the English webinar on 29 May 2023 at 12:00 CET.