If you had half an a limited company and half in the SA Then why not just form a LLP and then transfer everything to the limited company tax-free?
Thanks for the info sidney1 âŚsometimes things are presented so well that it throws you for a while. If it is that good a scheme then all our accountants would recommend it.
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well you are taking a better approach than i did by considering all options in detail. i was working around the world drilling for oil so generating the cash and the income and building projects when home was my primary focus. Interestingly after acquiring the first 5 properties, every house we then bought was for cash ie no loan. most people would think it a ridiculous way to buy houses but not being highly geared reduces the stress levels a bit.
ultimately it is good to have an idea of how much you actually need in life and how much you are prepared to sacrifice to get there.
There are so many rules and regulations today and the rental business is slanted so much in favour of tenants its not a gravy train any more. with the removal of section 21 notice that was the final straw and we are selling steadily now.
If you are selling up im i correct in thinking you have a better investment to invest in or are you just going to keep money in savings accounts for tiny returns etc?
Most Accounts are not specialist in Property, thats why they dont advise as i have just recently discovered myself
well subjective but have put a lot into tracker etfâs in a worldwide spread. vanguard, legal and general and ishares are all low cost. i also use a broker in the usa where i find charges are much lower than some of the uk brokers. if you have an e mail i could go into more detail if interested.
Thank you very much for the offer however I am far too cautious to be able to provide a stranger with my email address at this stage in our relationship.
It sounds like youâre concentrating on shares and stocks which is something I specifically donât want anything to do with under any possibility as there is far too little game and far too much risk for me.
Thanks
Hi Andrew8
Apologies for the delayed response. I believe a copy of the contents page is available on their website for each of their publications. Iâve had a quick look at the latest âHow to Save Property Taxâ but I canât see any details about LLPâs. They do have a title called "Using a Company to Save Tax which may compare the two models.
I only have 3 properties and just operate a property investment (letting) business as an individual.