16 April 2020 Insight Coronavirus Family Investment Companies remain an effective estate planning tool despite HMRC attention Before coronavirus dominated the headlines, you may have noticed the weekend papers announce that HM Revenue & Customs (HMRC) have set up a special unit to consider the growing use of family investment companies (“FICs”) to reduce inheritance tax. The articles suggested that HMRC were concerned about the inequality and the perception that the wealthy avoid taxes by using “sophisticated legal instruments”. Bookmark this page 5 min read
16 April 2020 Insight Coronavirus Updating your Will The coronavirus pandemic means that it is more important than ever to ensure that your Will is up to date. If your circumstances have changed, your Will may no longer be appropriate or could even be invalid. So, what do you need to consider? Bookmark this page 1 min read
25 February 2020 Insight Should you be worried about HMRC crack down on FICs? It has been revealed that HM Revenue & Customs (HMRC) has set up a secretive unit to investigate the growing use of family investment companies (FICs) to reduce inheritance tax. Bookmark this page 4 min read
28 February 2017 Insight The rise of Family Investment Companies In the last couple of years, the use of family investment companies (FICs) in estate planning has grown rapidly. Once thought of as “cutting edge”, now a failure to consider a company is probably a potential negligence claim. But what are FICs, and are they all the same? Bookmark this page 4 min read