Family Investment Companies - Are They Here to Stay?

Introduction

Family investment companies (‘FICs’) are undoubtedly the in-vogue estate planning vehicle, but are they here to stay?

There are known changes to tax rates coming in over the next few years and a raft of potential threats that advisers could face and so getting the basics of these structures right is crucial.

The webinar will explore when a FIC is appropriate for a client and when a personal investment company, a trust or a partnership may be the more suitable vehicle; review the pros and cons of how FICs are structured, with a look at the anti-avoidance legislation that may trip you up; as well as discuss whether FICs can last the long haul.

What You Will Learn

This webinar will cover the following:

• Personal Investment Company (‘PIC’) v FIC
• Why do clients choose to establish a FIC and why might a FIC not be appropriate?
• Different ways to structure a FIC including the use of trusts
• Voting shares within FICs - pros and cons
• Funding a FIC and the tax implications to consider (cash/portfolios/properties)
• Anti-avoidance traps
• Adapting a current company into a FIC
• Are PICs and FICs here to stay? What challenges could they face in the future?

This webinar was recorded on 24th July 2023