A Family Investment Company (FIC) is a company structure designed to be owned and managed by family members. If created and run correctly a FIC can be useful in protecting wealth against, for example, divorce. A FIC can be beneficial if you are seeking to create a legacy from which you can still control and […]

People approach tax and estate planning for a variety of reasons and generally driven by all sorts of different triggers that they may experience.  On the one hand I have acted for people who have been motivated towards Inheritance Tax planning due to the size of the bill on the death of a parent, or […]

Holdover relief is an unusual tax relief in that it does not mitigate someone from paying capital gains tax, but rather it merely defers the gain being crystallised (i.e. chargeable) by metaphorically kicking the can down the road. Through using holdover relief, the recipient of a gift receives the asset at the same base cost […]

A cross option agreement is an agreement entered into by all of the Shareholders of a company. The purpose of a cross option agreement is to grant the surviving shareholders an option to purchase the deceased shareholder’s shares at an agreed value. This is known as a ‘call’ option. The agreement would also grant the […]