The business succession facility (“BOR”) offers entrepreneurs the possibility of transferring their business to the next generation in a tax-friendly manner, subject to certain conditions. This tax facility is intended for real business transfers and ensures that taxation in the event of a transfer will not affect the continuity of a business. The current BOR facility is generous and may apply to the transfer of a company’s assets in the event of death, but also offers entrepreneurs possibilities for gifting some or all of the company’s assets to the proposed successor in a tax-friendly manner. The BOR comprises various facilities, which will be granted by the Dutch Tax and Customs Administration upon request, subject to certain conditions.
