When my twins turned 18 years old I made them both partners in my property rental business and gifted 1% of the beneficial interest in my properties to each of them. We then registered a Partnership with HMRC, which meant I could allocate profits disproportionately to ownership by granting ‘Partners Salaries to each of my children.
The post Benefits of a family partnership we had not previously considered appeared first on Property118.
Something has come up and I am a tad worried about it, as I am not sure that I have correctly complied with the new laws.
Prior to the new legislation, I always asked the tenant to pay the small fee (only £20) for their reference checks
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Hello fellow landlords, I have a small portfolio of properties in Tower Hamlets. They introduced an Additional Licencing scheme throughout the borough in April. I’m just now starting to get the notices back and find that 3 of my 3-bed properties are only licence-able as 2-bed properties.
Hello everyone. My name’s Riccardo and I’d love to ask a few questions and hopefully get some good guidelines! A little introduction of me (better say us)
We are 4 newbies on our early 30′ sharing the dream and goal of running our own business and become entrepreneurs on the property business.We def want to step out the “rat race”
Lettings management platform, Howsy, has revealed the most appealing markets for UK landlords based on the annual rental return available as a percentage of the property investment cost.
Across the UK the current annual rent of £11,436 accounts for 4.9% of the average UK house price (£234,370).
The latest research by new homes specialist, Stone Real Estate, has revealed that the level of new build properties being sold accelerates as we head into December, while sales across the regular market drop a gear in the run-up to Christmas.
The post Christmas is not the time to find New Build bargains appeared first on Property118.
The Property Investors Awards is delighted to announce the winners for 2019. The annual event, celebrating excellence in property investing, included a glittering evening of fine dining and entertainment, with the winners receiving the much coveted awards themselves.
The post 2019 Property Investors Awards recognise sector’s most outstanding individuals appeared first on Property118.
I would suggest it is a good idea to join Shelter’s Facebook page. It gives us the chance to comment and question them. Please be polite and ask simple questions like how many homes do they provide?
How much cash reserves do they hold?
Although the upcoming general election has grabbed all the headlines, letting agencies should not forget the important changes to Anti-Money Laundering (AML) rules that come into force on January 10th 2020.
PayProp says that while the political future remains unsettled
The post AML rules to include landlords and tenants involved in rental transactions over €10,000 appeared first on Property118.