investment
Why family investment companies are better than trust structures for UK tax
Choosing the right vehicle is crucial when considering how best to manage and protect family assets, particularly in the UK. Traditionally, family trusts have been the preferred option, but in recent years, family investment companies (FICs) have become a more beneficial structure for many families. This article will explore why FICs are increasingly preferred over […]
Case: Non-domiciled investment banker loses appeal against £675,000 tax bill over director loans
Non-domiciled investment banker loses appeal against £675,000 tax bill over director loans Mr The investment was intended to qualify for business investment relief, making it exempt from tax. Business Investment Relief (BIR) is a potentially valuable tax relief for UK taxpayers, particularly non-doms, who have used or are currently using the remittance basis. The BIR […]