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Found 8 results

  1. Hi, Some advice would be greatly appreciated. My family & I are discussing estate planning between my Sibling & I. We have a fair piece of property that could be split up into two independent premises There is a HOUSE & a commercial premise. There is potential to modernize & we potentially have some capacity to put that modernization in Train. THE question, is there a real need to complicate things too much? Under the parameters of inheritance, the limit for two children (would suggest that we would be relatively safe from CGT on sale From what I understand the HOUS
  2. Hi My name is James. Bit of a back story; My dad bought a 2 bed flat near where I grew up in `97 after reading rich dad poor dad. He was terrified of making a loss and its turned into a gold mine. When he died in `04 my mum used the money from his life insurance to buy more property and now has a small portfolio. Two flats in South East London near where we live, a flat in Preston and a student pod in Loughborough. She built this up as her pension. It has had fantastic capital growth and great cash flow with a very low loan to book value. A little over a year ago my m
  3. My parents are looking to sell up and move into a bungalow but with bungalows being quite expensive they wouldnt have any money left over if they sell their house and buy fully. I am looking for a way for them to give me the money from sale so I can buy their next home with a mortgage so that they rent a home off me and have excess money available to themselves to enjoy their retirement years. My accountant already told me that if I was to rent to them a property at below market value (the price of the mortgage) that in the eyes of hmrc they would still be beneficiaries of the gifted amount so
  4. Hi Absolutely new to this and want some advice before I decide on a strategy. My wife and I currently run a successful business partnership which puts us both close to the additional rate tax bracket. We are paying back a personal loan to buy out my old partner which will be paid in 4 years time. We have over 500K equity in our own home which the bank will let us borrow against. We own the business property in a SIPP fund (total SIPP value about 120K, no mortgage with rent paid by the business). The SIPP fund returns 4K a year after fund fees but the
  5. Hi everyone, This is my first time on this forum and website but I am keen to learn. I am 25 years old and living in London. Recently a family member passed away and left a London property to myself and my three younger siblings. They're aged 22, 20, 18. By the time the property is sold and the inheritance tax is paid we are likely to have a little over £100,000 each. I realise that this is a massive amount of money for all of us and I am keen to make the most of it. I plan to reinvest this money into a buy to let London property and I will strongly advise m
  6. Hi, My parents are both recently retired and have the family home which is worth approx. 450k with 4 years left on mortgage. They want to move to a smaller house worth approx 250k but still keep their existing property with a view to renting it out. The plan is for them to sign the house/or houses over to me and my sister at some stage. please could someone advise what the tax implications of doing this are? What would be the best solution to this scenario which would allow us to keep the family home, rent it out and for my parents to move into a smaller home. Would it
  7. I have just inherited some money from the sale of my parents house. I am very new to the property market but in my search for houses via RightMove, I have had several people I know who live near me in Doncaster say that they would love to be my tenants, That is great, but another friend has offered me his house in Hungary for a fraction of the cost of house prices in UK. I have checked out house prises in his area and it is at a reasonable price and it it is close to a large city. Not sure if my first house that I buy should be overseas where I have no tenants (but letting agents could help)
  8. Hi folks Just dropping-by to say "hi" and introduce myself, I've come here via the excellent podcast (after browsing Itunes for Property Development Podcasts) I trained as an architect and have been working in the industry now for 5-6 years or so... Lots of experience with planning approvals, project development, pricing, technical specifications etc... and plenty of on-site experience too, but never for myself (typical eh?) I've completed projects for friends in the past and remain on good terms with all my former clients, and have managed to realise incredible wealth and value f
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