Key Benefits of Family Investment Companies Family Investment Companies (FICs) offer a modern, tax-efficient solution for multi-generational wealth management. Combining features of holding companies, trusts, and corporate tax planning, FICs deliver the following benefits: 1. Tax Efficiency 2. Control 3.…
The goal of estate planning is to ensure that wealth and assets are transferred efficiently, minimising the potential for disputes, and ensuring financial stability for heirs or beneficiaries. The key components of estate planning are: Wills A will is a…
This year’s Autumn Budget introduces a significant recalibration of wealth taxation in the UK. From caps on inheritance tax reliefs and tighter restrictions on lifetime gifting, to the reclassification of pensions under inheritance tax and the re-emergence of wealth tax…
Identification of Successors Who will take over? Identifies the people or entities that will assume leadership or ownership roles in the future, whether they are family members, employees, or external individuals. Development of Successors Training and mentoring. Ensures that potential…
Inheritance Tax (IHT) on farmland can create significant financial challenges for farming families looking to pass their land and business to the next generation. With IHT charged at 40% on estates exceeding the £325,000 threshold, farmers must plan carefully to…
Within the United Kingdom’s fiscal system, the distinction between tax planning and tax avoidance has become increasingly nuanced. Legislative complexity, judicial activism, and public scrutiny have blurred the boundary between lawful tax mitigation and behaviour deemed abusive. Yet, at the…
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