Expert Family Investment Company Advice.
At Vault Private Client, we can advise you on advanced Inheritance Tax Planning tools, specifically the use of Corporate vehicles. These corporate structures can be particularly useful for you if you are looking to give away large amounts of money whilst retaining control.
FICS are excellent tools for not only IHT mitigation but also for reducing your exposure to Income Tax and Capital Gains Tax.
FICS are taxed in line with Corporation Tax rates, which are lower than the higher rates of personal taxes that would be payable if the assets remained in your name. It’s clear to see that the advantages of FICS are multilayered.
How FICS Can Help You Protect Your Future.
Lifetime gifting is one of the most effective ways to reduce your exposure to Inheritance Tax. However, there are various limitations to lifetime gifting, especially if you wish to retain control of the gifted assets (for example, if your beneficiaries are too young to have full control/autonomy over the gifted assets).
When compared to Trusts, the advantage of FICS is that there is no immediate charge to IHT (even where the amount going into the FIC is large (over £325,000)).
Control is another leading benefit of FICS, and we would work with our experts in Beyond Corporate to create bespoke Articles of Association for your FIC. The structuring of the classes of shares within the FIC can be such that each class of shares has different rights and benefits attached to it.
For example, you may have a class of shares that are gifted to your children that have all of the growth in the FIC (to remove the growth from your estate), but with no voting rights attached (so that your shares are the only ones with any actual control of the FIC).
THE BEST IN THE BUSINESS.
Our dedicated team works closely with you to design and implement bespoke Family Investment Company structures, helping you retain control while efficiently planning for future generations.
Russell Kaminski
Partner and Head of Private Client
Lucy Cresswell
Associate
Alison Rocca
Partner
Jason Stanley
Partner
Holly Greensmith
Solicitor
Matt Fleetwood
Group Chief Executive & Founder
Mark Dawson
Group Managing Director
Amanda McAlister
Head of Group Consumer Brands
Because we are here to help you.
Secure your family’s financial future – get in touch to explore the benefits of a Family Investment Company.
"Many thanks to yourself and Russell for last week ### found he had a lot of confidence with you both and your expertise in handling our situation so we are happy to proceed with the work for us both.”
PROBATE CLIENT
