Family Investment Companies Explained by a Chartered Tax Adviser

Are you looking to incorporate a FIC? Schedule a consultation here - calendly.com/jsmcall/jsm
A family investment company can be a great structure for wealthy families to effectively hold their investments and assets. With much more flexibility than a trust they can be adapted to suit the needs of the shareholders, such as freezing the value of the company assets, amending rights to shares and control.

[@Holdeenio]

Interesting intro, thanks Josh. From a personal inheritence tax perspective, how is a director's loan treated upon death? - maybe an idea for another video if too big of a topic. Cheers!

[@anichez34]

Can use use a
1. fic if your btl properties are mortgaged..
2. Are you able to move btl into fic without setting up a partnership.. I don't have partnership option and my kids are under 18

[@Citizen-of-theworld]

Wouldn’t a residential property in a FIC be subject to a lot of other tax issues like ATED, BIK for the occupiers and no exemption from CGT on a primary residence, with corporation tax on chargeable gains instead? There is a minefield of anti-avoidance legislation to navigate with this kind of structure on residential property.
Regarding IHT, I imagine BPR also doesn’t apply to shares of non-trading companies like a FIC.

[@ps-dn7ce]

Very interesting

[@maxariadent]

Great video. Useful info. Would you say it’s fair to say that this is something to bare in mind for the future when the assets are there, rather than now?

[@johnnyworzel3741]

Why incorporate the FIC with limited liability? An unlimited company reports far less and so is more private but has the benefits of incorporation.