Family Investment Companies: A Live Online Course

5th October, 2 PM - 4 PM

Introduction

Family Investment Companies (FICs) have become an increasingly popular vehicle for preserving, growing and passing family wealth from one generation to the next.

Offering flexibility, control and potentially significant tax advantages, they are now widely used as an alternative or complement to trusts and other traditional wealth planning structures. However, establishing and operating a Family Investment Company requires careful planning to ensure that both the tax and legal objectives are achieved.

This practical live online course examines how Family Investment Companies operate in practice, the tax implications of establishing and funding them, and how they compare with other wealth planning structures.

The course will consider the principal tax issues affecting Family Investment Companies, recent HMRC activity in this area, and the practical advantages and disadvantages of using FICs as part of long-term family wealth planning.

Using practical examples throughout, delegates will gain a clearer understanding of when a Family Investment Company is likely to be appropriate, how it should be structured and the potential pitfalls advisers need to recognise.

Who Should Attend?

This course is designed for:

• Private client solicitors
• Tax advisers and tax consultants
• Chartered accountants
• Trust and estate practitioners
• Corporate and commercial lawyers
• Financial advisers involved in wealth planning

Topics Covered

• Why use a Family Investment Company?
• Taxation of assets transferred into a Family Investment Company (including Capital Gains Tax and other implications)
• Corporation tax and other tax issues affecting Family Investment Companies
• Structuring Family Investment Companies effectively
• Share classes and family ownership considerations
• Funding and financing Family Investment Companies
• HMRC's review of Family Investment Companies and its conclusions
• Comparing Family Investment Companies with discretionary trusts and other wealth planning structures
• Practical planning points, opportunities and common pitfalls

Learning Outcomes

By the end of the session, delegates will be better able to:

• Understand how Family Investment Companies operate as a wealth planning vehicle
• Recognise the tax consequences of transferring assets into a Family Investment Company
• Understand the corporation tax and other tax implications affecting Family Investment Companies
• Advise on the legal and practical structuring of Family Investment Companies
• Assess the impact of HMRC's review of Family Investment Companies and its conclusions
• Compare Family Investment Companies with discretionary trusts and other wealth planning structures
• Identify the principal advantages, disadvantages and planning opportunities offered by Family Investment Companies
• Advise clients more confidently on whether a Family Investment Company is an appropriate solution for their circumstances

Price and Booking

Price: £199 + VAT per organisation.

This is a per-organisation price, allowing up to an additional 10 colleagues to attend at no additional charge, wherever they are located

For organisations with four or fewer partners, a single delegate place is available for £99 + VAT.

All delegates receive:

• Full recording of the session
• Downloadable slides
• Full course materials
• Certificate of attendance (on request)

To book, simply click the booking button at the top right of this page.

Presented by

Jeremy Mindell has been lecturing in taxation for over 20 years. Known on the circuit as an accomplished and entertaining speaker, Jeremy is in high demand for tax, pensions, share schemes and remuneration events. He has developed a specialism in International Corporate Tax, including the new Diverted Profits Tax, transfer pricing and the OECD BEPS project. Jeremy is one of the few individuals in the country who has both qualified as a Chartered Tax Advisor but also has a Masters from the Chartered Institute of Personnel Development. Jeremy worked for three big four firms focusing on employment taxation, expatriate tax, International tax, profit related pay, US taxation and share schemes and HMRC investigations. Following this Jeremy worked at AMP and Henderson Global Investors where he was a Director of the Pension Scheme. He is on the IFS Pro-Share advisory panel and a member of the Worshipful Company of Tax Advisors’ panel.

Important Notes about Booking

1. Please ensure that, when booking, you enter colleagues' email addresses correctly, as failure to do so may mean they do not receive joining instructions.
2. Payment can be made by credit or debit card or alternatively by invoice. The option to pay by invoice appears below the pay-by-card option in the booking form.
3. If you have more than 11 delegates, additional delegates are £20 each.
4. If you do not yet know the complete list of delegates, you can book for those you know will be attending and add further delegates at a later date.

The Legal Training Consultancy

The Legal Training Consultancy is a full-service training consultancy with a large portfolio of conferences, courses and trainers. Over the years, we have organised well over 2,200 law, tax and management conferences, webinars, seminars, videos and e-learning modules for legal and professional advisers.