In the third of a five-part series on family investment companies (FICs), Nick Wright considers the day-to-day operation of FICs, including the taxation of investment income, extraction of value through dividends and salaries, and the interaction with the settlements legislation.
Once an FIC is up and running, its profits are subject to corporation tax in much the same way as any other UK resident company.
Corporation tax on investment income
Since 1 April 2023, the main rate of corporation tax has been 25%. <>
