Client
A hard-working family wanted to purchase a yacht to enjoy during their holidays.
Challenge
The family wanted to raise capital without liquidating their existing investments and potentially triggering a tax liability. They needed to make the payment for their chosen boat in Euros and purchase the asset within a special purpose vehicle (SPV).
Solution
Investec was able to offer a £3.5m loan secured against the value of a portfolio managed by Investec Wealth & Investment and convert the funds into Euros.
Our teams work together holistically across private banking and wealth management and can provide direct access to our integrated Foreign Exchange dealers.
For more information about how we can help you with your private banking needs, please get in touch today.
Disclaimer:
This article is for general information purposes only and should not be used or relied upon as professional advice. You should always seek independent professional advice before making any financial or investment decision. Separate eligibility criteria, terms and conditions apply for Investec Bank plc and Investec Wealth and Investment ltd products and services.
