The Telegraph quotes Julia Cox on the growing use of Family Investment Companies for inheritance planning

Inheritance tax planning continues to be a significant focus for families seeking to preserve and transfer wealth across generations. Family Investment Companies (FICs) are attracting increased interest as an alternative structure to traditional trusts.

FICs can offer families greater flexibility and control over assets while providing a framework for long-term succession planning. Their growing popularity is being driven by a combination of tax considerations, increased awareness among advisers and clients, and a desire to retain control of assets while facilitating the transfer of wealth to younger generations. 

FICs are increasingly forming part of broader discussions around succession planning, governance and the management of family wealth, particularly given that FICs follow a company tax structure, and the Government has committed to cap corporation tax at 25pc for the life of this Parliament.

Julia Cox, Partner in our Private Client team, is quoted in The Telegraph and comments further on our website here:

We've seen steadily increasing demand for Family Investment Companies since changes to trust rules in 2006 made it harder to gift assets into trust in an inheritance tax efficient way while retaining control.

From our side, there’s certainly been an uptick in new FIC instructions over the past couple of years, with a flurry of transactions executed ahead of recent Budgets and continued high levels of interest since.

 The full article is available in The Telegraph here (Subscription required).