{"product_id":"9781526524690-family-investment-companies-2nd-edition","title":"Family Investment Companies -  2nd edition","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003e\u003cp\u003e\u003cb\u003eCovers the key issues to consider when exploring if a Family Investment Company is an appropriate vehicle to help with an individuals estate planning.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAn updated version of the Tax Insight on  Family Investment Companies published in 2019. Written by an acknowledged expert in this field, Deborah Clark of Mills and Reeve, this publication explores what makes a company a FIC, considers how a company works and the potential ways to make them more bespoke.\u003cbr\u003e\u003cbr\u003eA Family Investment Company (FIC) is a bespoke vehicle which can be used as an alternative to a family trust. It is a private company whose shareholders are family members. A FIC enables parents to retain control over assets whilst accumulating wealth in a tax efficient manner and facilitating future succession planning.\u003cbr\u003e\u003cbr\u003eThe commentary covers issues on how to fund the structure, what tax issues to watch out for, what rights you might give to the shares and the pros and cons of different choices. It deals with directors’ powers, the use of an unlimited company and issues around privacy and wealth protection. Different structures are explained and their benefits and disadvantages highlighted.\u003cbr\u003e\u003cbr\u003eThe commentary is bought up to to date with the new corporation tax rates and dividend tax rates  introduced since the previous edition was published. It also reflects the author's continued practical experience in dealing with clients in this area. \u003cbr\u003e\u003cbr\u003eNew features include:\u003cbr\u003e - a new chapter on Estate Planning Benefits\u003cbr\u003e - a new chapter on Treatment on Divorce\u003cbr\u003e - enhanced coverage  of redeemable preference shares in the chapter on share capital\u003cbr\u003e - an expanded shareholders agreement chapter to include more information on what should be included in the agreement\u003cbr\u003e - a new chapter on share valuations\u003cbr\u003e - a new chapter on accounts preparation for Family Investment Companies\u003cbr\u003e\u003cbr\u003eThe guidance given is supplemented by examples and diagrams to helpfully illustrate the concepts described.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":41617204641889,"sku":"9781526524690","price":59.58,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_29810618.jpg?v=1725782947","url":"https:\/\/www.rarewaves.com\/products\/9781526524690-family-investment-companies-2nd-edition","provider":"Rarewaves.com","version":"1.0","type":"link"}