Family investment companies

1. Taxation of the company

1.1. Tax on income

1.2. Tax on gains

1.3. Expenses of management

1.4. Excess management expenses

1.5. Interest

1.6. Administration

2. Creation of the company

2.1. Formalities

2.2. Structure

2.3. Funding

3. Extraction of funds

3.1. Overview

3.2. Dividends

3.3. Salary and pensions

3.4. Loan repayments

3.5. Capital distributions

3.6. CGT reliefs

4. Succession planning

4.1. IHT during lifetime

4.2. Comparison: use of trusts

4.3. Shares passing on death

4.4. IHT reliefs