08 Jul TAX EFFICIENT PROPERTY OWNERSHIP
Consideration needs to be given to the best way of owning property investments .
This will depend on a number of factors especially the tax rates of the respective owners.
A change may be beneficial if for example one partner is a higher rate tax payer and the other is not.
Perhaps the use of a Trust could benefit the family. This may depend on whether there is a mortgage.
Another factor is that on the ultimate sale there is an annual exemption that is available to everyone .
Another suggestion is ownership through a company with different shareholdings.
Food for thought and here at Redwoods we are always happy to advise
No Comments