How to Set up and Manage Family Investment Companies
This article explores the tax-efficient approach of a Family Investment Company (FIC) for intergenerational wealth transfer, covering key considerations like asset introduction, company type, and share class. It delves into strategic management using structures such as interest-free loans and discretionary...
Family Investment Company vs Trust- Which is Beneficial For You?
This article discusses the growing preference among high-net-worth individuals for Family Investment Companies (FICs) in tax and succession planning, highlighting their advantages over trusts, including deferred inheritance tax, flexible funding options, lower tax rates on income and capital gains, and...
First Homes Scheme | Discount For First-Time Buyers in the UK
The article explains the "First Home Scheme for First-Time Buyers" in England, offering a 30% to 50% discount on property market value. It covers eligibility criteria, the role of developers and independent surveyors, Stamp Duty Land Tax calculations, and restrictions...
Using First Time Buyer Relief to Overcome Down Payment Hurdle
This article talks about various UK first-time buyer programs, such as the First Homes Scheme, Right to Buy, Help to Build, regional incentives, and Mortgage Guarantee, all aimed at simplifying the home-buying process.
Applicable SDLT Rates for First Time Buyers
This article talks about the First Time Buyers Initiative, a key component of the Home Buy program. Eligible first-time buyers can enjoy a 30-50% discount on affordable homes, and those aged 18 or older securing a mortgage for at least...
Pros and Cons of Family Investment Companies
This article discusses the Family Investment Company (FIC) as a strategic wealth management tool with tax advantages, control, and asset protection for intergenerational wealth transfer. It emphasizes the need for careful consideration due to potential drawbacks, including tax inefficiencies, administrative...
A Brief Understanding of Family Investment Company
The article highlights the appeal of Family Investment Companies (FICs) for high-net-worth individuals, outlining their role in tax and succession planning through private limited structures that facilitate efficient wealth management and intergenerational asset transfer, with a focus on key tax...
First Time Buyer Relief: Understanding Tax Credits and Deductions
As a first time buyer, we want you to make the best decision possible, and of course, that includes maximising your savings with the help of the First Time Buyer Relief.
Tax Relief for First Time Buyers–Understanding the Rules in the UK
Are you buying a property for the first time? Learn about the possible tax reliefs that you could be entitled to in order to maximise the benefits.
