Course description
Family investment companies are growing in popularity as a tax efficient way to hold, control and pass family assets to the next generation. They are tailored to the exact circumstances of the founder and their family and benefit from many tax advantages over trusts.
Presented by Claire Macpherson of Burness Paull LLP, this course will provide an overview of FICs, covering a number of topics including set up, tax, control and administration. It will arm you with the information required in order to establish whether a FIC is a suitable estate planning vehicle for a particular client. Topics discussed will include how a FIC is established, what detail should be in the articles, how a FIC compares to a trust (looking at control, administration and duties, as well as tax treatment), transferring money in and out, passing wealth, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Family investment companies (FICs) are growing in popularity as a tax efficient way to hold, control and pass family assets to the next generation. They are bespoke in nature and tailored to the exact circumstances of the founder and their family. FICs benefit from many tax advantages over trusts, particularly in view of the tax changes made in 2006.
This new half day course will provide an overview of FICs, covering a number of topics including set up, tax, control and administration. It will arm you with the information required in order to establish whether a FIC is a suitable estate planning vehicle for a particular client.
What You Will Learn
This course will cover the following:
- What is a FIC and how is it established?
- What detail should be in the articles?
- How does a FIC compare to a trust looking at control, administration and duties?
- The tax treatment of FICs with a comparison to the tax treatment of trusts
- Transferring money in and out and passing wealth
- Further planning opportunities within FICs
- Case studies
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...