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Tax & Wealth Structuring

Family Investment Companies

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 trusts.

We understand the importance of passing on your wealth in the right way. For wealth holders and business owners it can often be hard to strike a balance between maintaining control and paving the way for the next generation. FICs can offer a bespoke solution that our team is uniquely placed to support.

Our Private Wealth lawyers work closely with our Tax and Corporate teams to offer a complete service to our clients. We have extensive experience in setting up and administering FICs, as well as providing expert tax and wealth structuring advice – so everything you need is under one roof.

How Family Investment Companies Work

A Family investment company is set up by a founder, who then gifts shares to family members. The company structure allows the founder to retain greater control over how wealth is distributed and invested, as well as avoid many of the charges that Trusts may incur, including Inheritance Tax.

FICs are usually created with two types of shares – those with voting rights (‘founder shares’) and those without. This means only the founder and their appointed advisers can decide what to do with the assets, whilst still ensuring income or capital rights for other shareholders.

FICs can be tailored to suit the circumstances of you and your family, to allow as much or as little control as you want. It’s also possible to add restrictions if necessary – for example, a founder could prevent shares being transferred to a shareholder’s spouse if they were to divorce.

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Ravi Francis +44 (0)207 650 3972

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The Benefits Of Family Investment Companies

For some people, trusts are no longer the most effective way to pass on their wealth. Creating a family investment company can allow you to take advantage of corporate tax rates while retaining control over how your wealth is divided up or invested.

Family investment companies can be useful tool for business owners and high net worth individuals. The benefits of setting up an FIC include:

  • Tax-efficient way to pass on wealth to other family members
  • More control over your assets
  • Can include varied assets – for example residential and commercial property

Family investment companies can also be a useful tool for business owners looking to create a better tax profile for their business before selling it.

Contact Our Private Wealth Specialists

Our Private Wealth team is based in London and across the country, and can be reached on 0370 1500 100. Our experts will be happy to discuss your situation at your discretion and advise on how we can best support you.

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