Benefits of family investment companies

Chris Davies, partner in our Newbury office shares easy to understand information about FICs. FICs are family-owned private companies, often set up in the form of a UK Limited company, used to hold assets and cash for a family to invest. They are usually set up with an initial loan from parents or grandparents which is repaid over time, but the growth then sits within the Company and can be paid out to children/grandchildren or reinvested. The structure is inherently tax efficient as the UK rates of corporation tax remain lower than income tax rates.

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