Planning and completion of transfer of ownership to a large property portfolio
Holst, provided legal advice for planning, completion and dialogues with the Danish tax authorities (SKAT) when transferring a significant portfolio of rental property to the owner’s children.
The owner of a significant portfolio of rental property wanted to transfer ownership of the properties to his children.
Naturally, the owner wished for the most beneficial way in terms of tax in order for as much value as possible to be transferred to the next generations, and Holst, became involved as legal advisor in the succession.
Due to the significant size of the property portfolio, the succession was carried out in steps and stretched over two years, where Holst, assisted with both the planning, completion of each individual property (review of contracts and obligations etc.) as well as the dialogues with SKAT in order to prevent any unforeseen issues.
Partners Steffen Ebdrup and Claus Hedegaard Eriksen headed the legal advice, planning and dialogue.