Family Investment Companies (FICs) are private limited companies set up to hold family assets. They are becoming an increasingly popular part of wealth structuring and can provide an efficient alternative to traditional planning options.
Some of the benefits of FICs include:
- Tax-efficient – as companies they are taxed differently to individuals and trusts
- More control – over how assets are distributed among family members and what happens in cases such as divorce
- Flexible about types of assets they can hold – for example, most types of real estate and also liquid investments, including assets held outside the UK
FICs are often attractive to business owners and entrepreneurs who are already familiar with company structures. They can be useful for any family with wealth to invest, however, and are increasingly being used as a way to protect, give away, and grow assets in a structured way.
Our solicitors can advise on whether an FIC is right for you and your family’s wealth. We’ll work with you to create a structure that is tailored to your needs and protects your assets against future risks or changes in the family.
Our multi-disciplinary team is highly specialised and experienced. We’re experts not just in tax and wealth planning, but also in corporate law, which is vital for making FICs work effectively. Our real estate team can deal with any property transactions.
Call us today on 0370 1500 100 – or use our online form and we’ll call you back.
For general enquiries0370 1500 100
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