Family Investment Company

Albermarle

Mrs_pbradley936 said:

If you pay £400 to these people they will give you a bespoke consultation Property118 | Inheritance tax and legacy planning for property company owners

I have no idea if that is more or less than a IFA but you will have to be prepared to give them all of your financial details and they will tell you if an Family Investment aka Smart company is worth your while. 

They probably will as they can then manage it for a nice fee.

CKhalvashi

Mrs_pbradley936 said:

If you pay £400 to these people they will give you a bespoke consultation Property118 | Inheritance tax and legacy planning for property company owners

I have no idea if that is more or less than a IFA but you will have to be prepared to give them all of your financial details and they will tell you if an Family Investment aka Smart company is worth your while. 

Why would someone want to pay £400 for a sales pitch? Any initial consultation I've had with any business has always been free.

Looking at the way the numbers are distributed on the page, looks like they're run out of India.

SDLT_Geek

For a report on Property118 see here: https://www.taxpolicy.org.uk/2023/09/13/property118/

SDLT_Geek

There is another report about how Property118 implement their scheme here: https://www.taxpolicy.org.uk/2023/11/09/badly/

SDLT_Geek

The Chartered Institute of Taxation published a piece https://www.tax.org.uk/hmrc-one-to-many-letter-capital-gains-tax-incorporation-relief-property-businesses on 16 November 2023 about HMRC commencing a campaign targeting landlords who incorporated their property businesses and where incorporation relief from capital gains tax might not apply in full.

SDLT_Geek

Mrs_pbradley936 said:

If you pay £400 to these people they will give you a bespoke consultation Property118 | Inheritance tax and legacy planning for property company owners

I have no idea if that is more or less than a IFA but you will have to be prepared to give them all of your financial details and they will tell you if an Family Investment aka Smart company is worth your while. 

I note that someone with a similar name to yours posted on 13 November 2023 about the Property118 substantial incorporation structure on this page https://www.taxpolicy.org.uk/2023/11/09/badly/ saying insightfully:

"Yes, the penny has finally dropped! If the arrangement of the declaration of trust is NOT intended to be transitory and you have no plan in place for the refinancing and indeed no intention of doing so then you are trying to obtain a tax advantage which is not available to you via a usual/regular path to incorporation."