Tax Advisers
The following advisers all have the relevant specialist expertise. Their profiles include their contact details, background, specific expertise and other specialisms
A Family Investment Company is a UK company that is typically used as an alternative to a family trust. These companies typically hold and manage a family's investments so as to protect and pass wealth down the generations whilst minimising inheritance tax. This allows parents and grandparents to retain control over assets whilst accumulating wealth in a tax efficient manner and facilitating future succession planning.
Before 2006 it was much more common to use trusts to do this in the UK. But tax changes introduced that year led to Family Investment Companies (FICs) becoming a popular alternative option - in the right circumstances.
Since then FICs have become increasingly popular as an alternative to trusts so as to avoid those additional tax charges.
In 2021 HMRC's research into the use of FICs found "no evidence" of correlation between those who set up FICs and tax avoidance. And the special unit set up in 2019 to conduct this research was closed down.
The clear implication is that FICs are now accepted by HMRC as a legitimate form of tax planning to facilitate acceptable tax avoidance and Inheritance tax mitigation - as long as those involved are fully compliant.
FICs are not the solution in every case and do carry some disadvantages that you will need to balance against the tax saving opportunities.
The issues to consider when setting up a family investment company and keeping it compliant include: Rates of corporation tax (now and into the future), taxes on capital gains, dividends and distributions from the company, withholding tax on overseas dividends received by the company, tax relief for interest, management expenses, company running costs, accounting and reporting obligations, taxation of the shareholders as well as who should hold the shares and how these should be valued.
Leila Sangar
I am a Chartered Tax advisor delivering holistic advice to minimise taxation in complex family/business situations.
Alun Oliver
Chartered Surveyor (FRICS) & CEDR accredited Mediator - 25+ years advising & negotiating on Capital Allowances, Land Remediation, R&M & CIL (Community Infrastructure Levy) issues
John Kavanagh
I am an experienced Chartered Tax Adviser, offering a virtual Tax Partner service to accountants, including sole practitioners, small practices and top 50 and international firms.
Bill Stevenson
COP9 & Serious Tax Investigation Specialist at reasonable fees* -As one client recently said “ To compare Bill's service to a Big 4 accounting firm
David Hannah
David Hannah is a well known expert on SDLT and related wealth management issues.
Simon Howley
I am a qualified tax advisor with expertise in property-related transactions, private client work, and corporation tax matters.
Zee Razaq
SKY TV presenter on Property TAX, over 20 years experience in accounting /tax/ business advisory. Free business guides links below https://linktr.ee/CertaxStAlbans
Jon Elphick
I specialise in giving practical advice to UK resident private clients with an international tax exposure.
Edwin Huang
Long-standing tax Partner to accountants & solicitors seeking the reassurance of more tax expertise for their clients, & to individuals & companies on Capital & Corporate taxes.
Duncan Meredith
Over 35 years' experience as a tax adviser - 10 years with my own practice. I save tax for families, businesses, individuals, and provide tax advice for accountants and law firms
Clive Perks
Inheritance tax can "seriously damage your children's wealth." We know what works. So your children inherit more, and their financial security is secured.
Paul Davison
Paul Davison set up PD Tax Consultants with the vision of providing a high quality service that is accessible to everyone that could benefit from expert tax advice.
Andrew Cazalet
London based Chartered Tax Adviser specialising in international tax issues for individuals and global SMEs
Tax Accountants
The following tax accountants are all willing to assist with simpler questions on this topic and to help you complete tax returns. Their profiles include contact details and other key information.