Generationsskifte af personligt ejet landbrugsvirksomhed

Louise Huge-Jakobsen

Student thesis: Master thesis


This thesis has been written as a part of the Masters course in Business Economics and Auditing at the Copenhagen Business School. The main objective of this thesis is to create clarity about the options for a generational change of a privately owned agricultural business within the family. The thesis is based on a case study where the father is going to make a generational change to the son of his privately owned agricultural business. In order to answer how they will implement the generational change in the best manner, following sub-questions will be examined: 1. What considerations should be made within a generational change? 2. How will the company be valued? 3. Which generation models will be relevant to a privately owned agricultural business? 4. What are the tax advantages and disadvantages of the different generational models? 5. What options are there for generations of privately owned agricultural business so the generational change can be fiscally optimal? The above questions will be answered on the basis of a theoretical case study based on existing Danish legislation. A successful generational change requires time and planning. Account must be taken of the soft values including the business owner’s internal relations and the hard values including legal, financial and tax considerations. Whether there should be generational change of the personally owned business or conversion to corporate form including the advantages and disadvantages of the various forms of business will be examined. In generational change within the family, it is possible to apply the rules of succession and thus separate the transfer and tax time. Whether it is an advantage to apply the rules of succession by generational change depends on the specific case. There are many options when it comes to introducing a generational change. It is necessary to make some individual calculations based on future expectations to determine the optimal generation model.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2013
Number of pages100