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Declaration of trust
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She isn't entitled to the rental income though because she doesn't own the property. She could act as your agent but a 50% fee would really be pushing it. I think 15% for a fully managed property is on the high side.0
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She isn't entitled to the rental income though because she doesn't own the property. She could act as your agent but a 50% fee would really be pushing it. I think 15% for a fully managed property is on the high side.
Yeah I understand. It's ridiculous but I realise these things are set up to try to reduce tax dodging. Not to worry, I'm sure George will spend my taxes wisely...
I was quoted 18% for full management of property!
As far as I can tell HMRC regard property rental business as beginning on first day a property is actually let out; does that mean I can't deduct any expenses incurred before first day?No one has ever become poor by giving0
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