Transfer of Business Assets: Tax Implications and Exemption for Family Foundation Donation.

• Transfer of assets from a General Partnership to the Applicant due to the dissolution of the General Partnership will be considered as a disposal of the business
• The transfer will not be subject to VAT taxation
• The Applicant will continue the business of the General Partnership without significant investments
• The Applicant will not be required to make adjustments to deducted tax
• The transfer of assets to a family foundation will be exempt from VAT taxation
• The family foundation will be able to continue the business activities of the Applicant

Source: sip.lex.pl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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