A recent examination of inheritance tax systems in European countries suggests that there is no consistency in the way that the taxes are applied to family business transfers. The way the tax operates is greatly influenced by the tax relief that can be claimed. The European Family Business Tax Monitor has compared the tax position of transfers of family businesses in a number of /European countries. Taking the example of a family enterprise with EUR 10 million valuation, looking at the tax charged on the business succession. The study found that the tax potentially imposed on succession by inheritance or retirement is between EUR 0 and EUR 4 million. There are great variations between countries, one of the highest inheritance taxes on business being in Denmark, while some countries would not impose any tax on the transfer.