The FIC might be funded by cash initially, and subsequently acquire (say) commercial properties in the UK. For example, parents could apply their wealth for the benefit of (say) an adult son and daughter through an FIC. Furthermore, an FIC can be a tax-efficient ‘wrapper’ for individuals to manage their wealth.Īn FIC is simply a company its shareholders are family members. Mark McLaughlin looks at family investment companies and a possible challenge by HMRC on the effectiveness of such structures for inheritance tax purposes.Ī family investment company (FIC) is a possible means of passing family wealth down to adult children and remoter generations.
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