Family Investment Companies – when to use instead of or alongside a trust

Aim

To discuss with practitioners the appropriate vehicles for passing wealth between generations in order to ensure suitable control, flexibility and tax effectiveness.

Outcomes

Participants will be able to:

• Appreciate the difference in tax treatment between FICs and trusts
• Assess the appropriate combination of vehicles to pass client’s wealth across the generations

Agenda

• The creation and operation of FICs
• Pros and cons of using trusts and FICs
• Control, flexibility and tax treatment
• Combining the best features of each
• HMRC’s view of FICs and how they may challenge their use