Hello my name is ***** ***** I will help you with this.
1. It is considered income but would be below the tax threshold.
2. Sadly I cant say what the cost is - you need a builder for that, not a lawyer!
4. No, you would not need to meter supplies if its a fixed amount each month. If it varies on usage then yes you would need 2 meters
Can I clarify anything for you about this today please?
Thanks for the reply.
With regard to my question 2, I am sorry because I didn't make it clear. The properties are on the same land and registered together, they would need land registry changes and boundaries organised, it is an approximate cost for this that I was after.
The buildings are totally separate and there is an easily defined boundary of a wall which currently has a gate between the 2.
Oh I see, about £250 through a Solicitor I would say
Sorry about the confusion. Although this could be construed as tax avoidance, I assume that it is legal, the main reason is for my wife to have an income, obviously the split would need to be done by the current owners before we purchased if we are to save on the stamp duty ?
Yes it is legal. It would need to be done by current owners yes
Thank you for your help. I guess that any local solicitor would be able to help with the splitting of the properties ?