A family investment company and tax planning go hand in hand. Years ago trusts were a tax efficient way to deal with Inheritance tax. Changes in trust tax law means trusts may no longer be a preferred vehicle. Since 2006 most trust property is listed as “relevant property”. What are the tax implications of these changes?
You can get further information on trusts from the following link on the government website.
A family investment company (FIC) is a corporate structure. FIC’s are designed for immediate family members considering succession planning and wealth preservation. They are designed to work in a similar way to a discretionary trust. family investment companies are all different. As each is tailored to the specific needs of the family.
Each FIC has a memorandum of association and shareholders agreement. In addition they can also have a family constitution. These documents provide family governance procedures.
Finance Equation Ltd work with specialist lawyers to help structure your family investment company to your best advantage. Contact us for more information.
Finance Equation Ltd are multi-award-winning Chartered Certified Accountants providing cutting-edge expert services to individuals, property investors, businesses and contractors. We specialise in serving small, medium and large companies. We understand our clients’ needs and are passionate about providing the right advice and expertise to save you money.
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The Finance Equation Ltd is a company registered in England & Wales. Company number 05116983.
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