1. a)25 years,
b)6 years for two
c) 1 year
2. a) increase by £267,000
b) increase by approx. £ 200,000 each
C) increase approx. £300,000
3. a) mortgaged till July 2014
b) No mortgage on each
c) No mortgage (New build)
4. a) Tenant to start March 2014
b) Both have tenants
c) No tenants
5. a) No
What would be the recommended type of business to start, I want to have my investment stable to pass down to my children. I am retired and want to avoid inheritance tax and want a solution that is cost effective and easy to manage by my children.
If I go the limits company route, what are the initial legal list and approximate cost I need to be aware of ie why stamp duty if nothing is being sold?
Until I go down the limits route, would it be advisable to put the properties under the name of my son now and if so could I still maintain control until the company is established or till I see fit ?
What would be the best steps to take to move to a limited company but securing the estate from inheritance tax in the meantime in case of death prior to the company being formed
I have a property abroad and would like to develop it into a holiday let of some kind. I know that it does not qualify for stamp duty etc but I would like to use some equity to develop it for luxury let. When would i be able to apply for the equity or is this not an advised move.