Trust Planning and Family Investment Companies

Trusts

Against a backdrop of significant tax changes over the last two decades, Trusts continue to play an important role in family asset protection and estate planning.

Our Trusts tax team specialises in providing bespoke advice on the use of family Trust structures to secure tax advantages, safeguard wealth and ensure that longer term estate planning objectives are met. Working in tandem with your legal and financial advisers we will:

  • Advise on the suitability and structure of your family Trust.
  • Consider the impact of all relevant taxes including Inheritance Tax, Capital Gains Tax, Income Tax and Land and Buildings Transaction Tax.
  • Ensure cohesion between the Trust advice and wider succession planning for your family and business interests.
  • Deal with all associated tax compliance from notifying HM Revenue & Customs to preparation of annual Trust tax returns.
  • Keep Trust arrangements under review to provide peace of mind that family wealth is preserved for future generations.

Family Investment Companies

Family Investment Companies (“FICs”) are an increasingly popular vehicle in tax planning and assets protection. Many of our clients are drawn to FICs as a means of passing on family wealth whilst retaining an element of control and taking advantage of favourable Corporation Tax rates.

Our team of tax specialists regularly advise on:

  • The structuring and financing of FICs.
  • Tax efficient distributions from the FIC and managing the timing of profit extraction to take advantage of lower Income Tax bands and allowances.
  • The Inheritance Tax benefits of using a FIC structure and the potential interaction with Trust tax planning.
  • All associated tax compliance from initial set up to annual reporting obligations.

We will work alongside you and your family to ensure that the FIC protects the interests of all shareholders and meets your longer term succession planning objectives.

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Case Studies

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