Glossary

The Business Succession Scheme (BOR, Bedrijfsopvolgingsregeling) is a fiscal facility that allows entrepreneurs to transfer their business to a successor with a significant exemption from gift or inheritance tax. The BOR is designed to prevent a business having to be discontinued or sold to pay the tax on a business transfer. From 2025 the continuation requirement has been reduced from 5 to 3 years. The exemption percentages change from 2026, making the scheme slightly less generous for large business assets.