Interesting intro, thanks Josh. From a personal inheritence tax perspective, how is a director's loan treated upon death? - maybe an idea for another video if too big of a topic. Cheers!
@Citizen-of-theworld6 ай бұрын
Wouldn’t a residential property in a FIC be subject to a lot of other tax issues like ATED, BIK for the occupiers and no exemption from CGT on a primary residence, with corporation tax on chargeable gains instead? There is a minefield of anti-avoidance legislation to navigate with this kind of structure on residential property. Regarding IHT, I imagine BPR also doesn’t apply to shares of non-trading companies like a FIC.
@johnnyworzel37416 ай бұрын
Why incorporate the FIC with limited liability? An unlimited company reports far less and so is more private but has the benefits of incorporation.
@Zaptal129 күн бұрын
How to get in touch with you
@anichez343 ай бұрын
Can use use a 1. fic if your btl properties are mortgaged.. 2. Are you able to move btl into fic without setting up a partnership.. I don't have partnership option and my kids are under 18
@maxariadent10 ай бұрын
Great video. Useful info. Would you say it’s fair to say that this is something to bare in mind for the future when the assets are there, rather than now?