You have no items in your shopping cart.

Bloomsbury Professional Tax Insight: Family Investment Companies, 2nd Edition

Bloomsbury Professional Tax Insight: Family Investment Companies, 2nd Edition

  • Author:
  • Publisher: Bloomsbury Professional (formerly Tottel Publishing)
  • ISBN: 9781526524690
  • Published In: May 2024
  • Format: Paperback , 96 pages
  • Jurisdiction: U.K. ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 650.00

HKD 630.50 Save HKD 19.50 (3%)

Delivery Time: around 4 weeks
Extra 2-10 working days if shipping address outside Hong Kong
Free delivery Hong Kong?
Hong Kong: free delivery (order over HKD 1000)
OR
  • Description 
  • Contents 
  • Details

    Covers the key issues to consider when exploring if a Family Investment Company is an appropriate vehicle to help with an individuals estate planning.

    An updated version of the Tax Insight on Family Investment Companies published in 2019. Written by an acknowledged expert in this field, Deborah Clark of Mills and Reeve, this publication explores what makes a company a FIC, considers how a company works and the potential ways to make them more bespoke.

    A Family Investment Company (FIC) is a bespoke vehicle which can be used as an alternative to a family trust. It is a private company whose shareholders are family members. A FIC enables parents to retain control over assets whilst accumulating wealth in a tax efficient manner and facilitating future succession planning. The commentary covers issues on how to fund the structure, what tax issues to watch out for, what rights you might give to the shares and the pros and cons of different choices. It deals with directors' powers, the use of an unlimited company and issues around privacy and wealth protection. Different structures are explained and their benefits and disadvantages highlighted.

    The commentary is bought up to to date with the new corporation tax rate and dividend tax rates introduced since the previous edition was published. It also reflects the author's continued practical experience in dealing with clients in this area.

    New features include:

    • a new chapter on Estate Planning Benefits
    • a new chapter on Treatment on Divorce
    • enhanced coverage of redeemable preference shares in the chapter on share capital
    • an expanded shareholders agreement chapter to include more information on what should be included in the agreement
    • a new chapter on share valuations
    • a new chapter on accounts preparation for Family Investment Companies

    The guidance given is supplemented by examples and diagrams to helpfully illustrate the concepts described.

  • 1. Introduction
    2. Articles of Association:
    2.1 Long or short form 2.2 Bespoke clauses: 2.2.1 Directors - meetings, appointments 2.2.2 Share transfers 2.2.3 Dividend payments
    3. Share capital:
    3.1 What is a share - voting, income and capital rights 3.2 Types of shares 3.2.1 Ordinary 3.2.2 Redeemable 3.2.3 Preference 3.2.4 Growth 3.2.5 Loan stock 3.3 Valuation issues
    4. Shareholders Agreement:
    4.1 Legal status 4.2 Purpose of FIC 4.3 Interaction with Board 4.4 Standard clauses
    5. Taxation:
    5.1 Taxation of the FIC 5.2 Taxation of shareholders
    6. Funding:
    6.1 Cash subscriptions 6.2 Sale of assets 6.3 Share exchanges 6.4 Gifts 6.5 Loans 6.6 Dividends from a trading company
    7. Governance:
    7.1 Directors' meetings 7.2 Use of committees 7.3 Shareholder meetings
    8. Protection:
    8.1 Types of risks 8.2 Impact of divorce on shareholder
    9. Privacy & reporting:
    9.1 Limited or unlimited 9.2 Reporting at Companies House
    10. Winding up:
    10.1 Process 10.2 Tax considerations
    11. Example structures:
    11.1 Simple structure 4 shareholders, ordinary shares, 25% each 11.2 Including a trust in the structure 11.3 More complex structure with redeemable preference shares 11.4 Structure with voting and non-voting shares 11.5 Structure using growth shares 11.6 A FIC with shares in a trading company

You may also be interested in these books:

Drafting Employment Documents for Expatriates, 2nd Edition
Drafting Employment Documents for Expatriates, 2nd Edition

List Price: HKD 1,999.20

HKD 1,939.22 Save HKD 59.98 (3%)

How to Lead a Values-Based Professional Services Firm: 3 Keys to Unlock Purpose and Profit
How to Lead a Values-Based Professional Services Firm: 3 Keys to Unlock Purpose and Profit

List Price: HKD 400.00

HKD 388.00 Save HKD 12.00 (3%)

Armstrong's Handbook of Human Resource Management Practice, 16th Edition
Armstrong's Handbook of Human Resource Management Practice, 16th Edition

List Price: HKD 625.00

HKD 606.25 Save HKD 18.75 (3%)

Individual Income Tax Planning for Expatriates in China, 6th Edition
Individual Income Tax Planning for Expatriates in China, 6th Edition

List Price: HKD 1,280.00

HKD 640.00 Save HKD 640.00 (50%)

Hong Kong Employment Law: A Practical Guide, 5th Edition
Hong Kong Employment Law: A Practical Guide, 5th Edition

List Price: HKD 1,500.00

HKD 1,455.00 Save HKD 45.00 (3%)

The Employee Experience: How to Attract Talent, Retain Top Performers, and Drive Results
The Employee Experience: How to Attract Talent, Retain Top Performers, and Drive Results

List Price: HKD 280.00

HKD 271.60 Save HKD 8.40 (3%)

Butterworths Employment Law Handbook 2024
Butterworths Employment Law Handbook 2024

List Price: HKD 3,962.70

HKD 3,843.82 Save HKD 118.88 (3%)

Hiring Greatness: How to Recruit Your Dream Team and Crush the Competition
Hiring Greatness: How to Recruit Your Dream Team and Crush the Competition

List Price: HKD 270.00

HKD 261.90 Save HKD 8.10 (3%)

Employees' Intellectual Property Rights, 2nd Edition
Employees' Intellectual Property Rights, 2nd Edition

List Price: HKD 1,850.00

HKD 1,794.50 Save HKD 55.50 (3%)

Employment Law and Practice in Hong Kong, 2nd Edition (Hardcopy + e-book)
Employment Law and Practice in Hong Kong, 2nd Edition (Hardcopy + e-book)

List Price: HKD 4,701.00

HKD 4,559.97 Save HKD 141.03 (3%)

International Employment Law Disputes
International Employment Law Disputes

List Price: HKD 2,100.00

HKD 2,037.00 Save HKD 63.00 (3%)

Settlement of Individual Employment Disputes
Settlement of Individual Employment Disputes

List Price: HKD 1,487.50

HKD 1,442.88 Save HKD 44.62 (3%)

Developing Human Capital
Developing Human Capital

List Price: HKD 600.00

HKD 582.00 Save HKD 18.00 (3%)

Managing Employment Relations, 7th Edition
Managing Employment Relations, 7th Edition

List Price: HKD 600.00

HKD 582.00 Save HKD 18.00 (3%)

Performance Management
Performance Management

List Price: HKD 312.50

HKD 49.00 Save HKD 263.50 (84%)