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February 8, 2025
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Private Equity

Succession crisis looms at Irish family firms, as tax hike gives private equity an edge


People want to pass their businesses along to the next generation. Photo: Getty

A swathe of Ireland’s most successful family businesses will face significantly higher tax bills when they go to pass control to the next generation, according to accountants Grant Thornton.

These bills will open the door for private equity firms looking to snap up Irish companies, as the higher upfront cost of keeping businesses in the family will encourage more owners to simply sell up.



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