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Family Investment Companies

  • Evans Accountants
  • Jul 20, 2022
  • 1 min read

Family investment companies (FICs) are becoming more popular for succession planning in Owner Managed Business companies.


A Family Investment Company is a private company whose shareholders are family members, and offers a potential alternative to a family trust.


It enables its founders/parents to retain control over assets whilst accumulating wealth in a tax efficient manner and facilitating future succession planning; passing investments down to children or grandchildren.


FICs can offer a tax efficient way of bringing income under the corporation tax regime instead of personal taxes. A company will pay corporation tax, which is lower than higher rate personal income tax rates.


In addition, corporation tax is not payable on the majority of dividends received by FICs, and management and business expenses will often be deductible for corporation tax purposes - whereas they would not be for individuals.


Please ask us about the possibility of a FIC for your specific circumstances.

 
 
 

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Unit 27B Mitton Road Business Park

Mitton Road

Whalley

Clitheroe

Lancashire

BB7 9YE

01200 428460

Evans Accountants is the trading name of David H Evans Ltd.

Company Registered in England and Wales. Registered number: 4666707
Directors: James Evans ACA & Kirsty Shipston ACA CTA

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