We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying to let with daughter
Comments
-
Potential Exempt Transfer , see inheritance rules.
Thanks for taking the time to answer all those points.0 -
Thanks, I appreciate your help and advice.I suggest you pay for tax advice from a professional because your DIY attempt is swiss cheese
you want her to be the legal owner for IHT purposes to establish a PET but then you want her to evade income tax by declaring zero profit on her beneficial interest because you plan to charge an extortionate "management fee"
HMRC have already seen through that amateur attempt
you state she lives in Germany, but have not confirmed if she owns or rents her accommodation over there.
the first would entail her paying the higher rate SDLT
the latter, standard rate
she needs to read the UK/Germany tax treaty re her German tax position on rental income0 -
Why not just gift the cash to each of your three children now?
The complicated scheme you propose does not seem to gain any benefit for you or your children other than trying to avoid additional stamp duty.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards