Search the Community
Showing results for tags 'children'.
We spoke to a tax advisor today as we are in the process of setting up a ltd company with our children as part shareholders. We can't find anything online about the advice we were given so I'm testing it out here if that's ok. Our children have received ~£150k from grandparents that is currently not doing anything in a bank account and we can show it having come from grandparents and not parents. Ideally the children would loan this money to the company to invest. My husband and I will also invest a director's loan and the company will invest in property and hopefully grow well (we alr
Evening all, I have set up a LTD co with myself as only director and shareholder at the moment as it was easy to do by myself and should satisfy everything from a Lenders perspective looking at my earnings etc. I have no properties purchased through this SPV yet but want to crack on soon. I have a wife and 2 infant children. I would like to eventually pass on on the wealth created to my children when I pass away so my questions are?: whats the best way to do this? can I set them up as shareholders at this early age or wait until they're older? Would it be a
Hi there, I have a good one to get the hive mind thinking. I potentially want to buy a house for my child. This isn't an IHT dodge or anything like that. It's actually just for personal reasons. She's a minor and would live in the house with her mother. In fact, my daughter doesn't even have to own it. She just has to live there with her mother. I'm trying to work out the most cost effective way (in the short / medium term) to make that work. Long term is probably less of an issue because it would be her main residence. I could b
Hi Everyone, So this is a side topic, off my SMART goal. Which if you have read one of my earlier topics, is to gain income from properties so that I can be "comfortable" living off the monthly ROI. So one of mine and my wife's hobbies is Travel and are planning for this to be an integral part of our goal, however there is one thing in our life (currently) which complicates it slightly, its not baggage, but just something we are looking for guidance/experience/input. So... what am I talking about... as in the title, its regarding our baby boy, currently he is 1, and the goal is hoping