FAMILY INVESTMENT COMPANY ADVISORS Blake Morgan’s expert corporate and private client solicitors combine to create, restructure and advise on family investment companies. Family investment companies are becoming popular as a tax-efficient alternative to trusts for preserving and passing on family wealth. These non-trading companies confer varying rights on family members that enable a tailored approach to how wealth passes down the generations. They can be used for business planning where excess funds in a trading company can be lent, thereby retaining valuable Capital Gains and Inheritance Tax reliefs. Clients also use them for retirement planning, providing income for the next generation and funding school and university costs. Arrange A Call With One Of Our Experts MAIN AREAS OF PRACTICE Our teams of specialist personal and corporate tax, trust, Wills, family and corporate solicitors combine their expertise to provide advice on whether the creation of a family investment company (FIC) is the right structure for our clients. In particular we will: ADVISE ON THE TAX ADVANTAGES AND DISADVANTAGES In certain circumstances, it is possible to establish a FIC without paying any immediate tax charges. However, careful consideration is needed where family members require regular income and/or substantial capital funds from the company. Our corporate and personal tax specialists work closely to establish the best outcome. WORK WITH THE FAMILY TO ENSURE THE RIGHT FIT When creating a FIC, we consider the wider issues. A balance is needed between mitigating tax and what happens to a family member's shares on divorce, bankruptcy, losing mental capacity or death. Our specialists can prepare Pre-nuptial Agreements, Shareholder's Agreements, business Lasting Powers of Attorney and Wills to safeguard the family's wealth. CONSIDER ALTERNATIVES A FIC may not be for everyone and the main alternative is a trust. Our specialist team can work with you and your accountant to decide what options are available to fulfil your financial and personal objectives. RELATED EXPERTISE Tax Planning Trusts OUR CLIENTS A number of wealth managers and accountants introduce their clients to us for help in this area, typically in the course of exiting their businesses. "They are big enough to offer a complete legal service while maintaining a personal connection with their clients," observes an interviewee. - Chambers High Net Worth, 2020 HIGHLIGHTS We advised on the creation of a family investment company for a client who inherited a property and share portfolio from her mother's estate, who continued to receive dividends from the company. Over the years she transferred her shareholding to the children by way of a gift. On her death, as she had survived the gift of the shares by seven years, there was no inheritance tax payable. The children retained the company structure for the grandchildren and minimised the Inheritance Tax payable on their respective deaths. 1 INTERESTED IN THE LATEST NEWS FROM BLAKE MORGAN? Private Client Insights & Invitations Discover More About Our Mailings Here 1 2 3 4 OUR EXPERTS JAMES GREIG Partner Oxford View Profile SIMON TREHERNE Partner Southampton View Profile BM INSIGHTS ARTICLES INHERITANCE DISPUTES: TOO LATE TO APPEAL? A recent Court of Appeal decision on inheritance disputes gives useful guidance for parties wishing to appeal a decision of a lower court regarding probate. The underlying dispute in McDonald... Read More ARTICLES SEVEN WAYS IN WHICH TO MINIMISE YOUR INHERITANCE TAX BILL There are many advantages to good tax planning such as passing on wealth to the next generation and being able to see for yourself how it can positively affect their... Read More Click Here For More Insights GET IN CONTACT Need Advice? Call 0238 085 7047 Or Fill in The Form Our Experts are here to help Nearest Office Nearest Office London Cardiff Reading Southampton Oxford First Name Last Name Company Email Telephone Message CAPTCHA PRIVACY NOTICE Blake Morgan Privacy Policy We do not use any enquiries to the info@blakemorgan.co.uk email address or any completed forms for marketing purposes. FOLLOW US: SIGN UP TO OUR NEWSLETTER ARRANGE A CALL CONTACT US: Cardiff London Oxford Reading Southampton © Blake Morgan 2021. All Rights reserved. Privacy and cookies Disclaimer Modern Slavery Sitemap Pricing Blake Morgan LLP (registered number OC392078) is a limited liability partnership registered in England and Wales with its registered office at New Kings Court, Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53 3LG. It is authorised and regulated by the Solicitors Regulation Authority (SRA number 613716). A full list of its members is available at all of its offices. The term 'partner' is used to mean a member of the firm or employee who is a lawyer with equivalent standing and qualifications. Its VAT registration number is GB 189 077069. Change your cookie consent