Sometimes outright gifts to family members might not be appropriate. However, holding investments in a separate company – a Family Investment Company (FIC) – might be a good alternative option.
An FIC enables you to benefit from lower tax rates on investment income and gains. The timing of tax liabilities on the distribution of funds to shareholders can also be managed.
To find out more about setting up a Family Investment Company and whether this could be the right option for you and your family, speak with one of our qualified advisors who will be glad to discuss this with you as part of an initial consultation.