Border Asset Management Ltd (BAM) is able to offer a method by which wealthy individuals, or small groups of individuals - usually families - can reduce the impact of Capital Gains Tax on part of their assets.

This is the opportunity for ‘Family’ groups to invest in the third party sub-fund of an Open Ended Investment Company (OEIC), a sub-fund which is designed specifically to meet their objectives and requirements.

The attraction of using an OEIC is that, under current legislation, capital gains realised within such a fund are exempt from any CGT liability. This enables unrestricted investment management and potentially enhanced returns. A liability to tax on capital gains arises only when the shareholder redeems or transfers his or her shares.

BAM and the customer appointed third party administration managers are able to contain the inherent costs of setting up and administering such a fund so that it is practical to offer this option to investors with minimum funds available of £3 million.

Family Fund Shareholders

Family Funds are used in a variety of circumstances, normally where ‘new’ money is available such as with an inheritance or the sale of a company or property. They are appropriate for:

·        Family groups with common investment objectives

·        Family trusts

·       Wealthy private individuals

·        Small groups of individuals with common investment objectives