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The property will be solely owned by me. It will be my only property. Yes, I have done this before but over the long term ie. I bought a property and sold after 3 years.
We have agreed her loan to develop the property will be repaid by the the percentage put into the property by her at the sale of the property. It will take about a year to do up the property and she is happy with this. We would then sell it and she would take her percentage out which we hope will have increased as the property will be worth more developed.
Thank you...sorry a bit bogged down in guests so couldn't finish this yesterday.
Just a final question. My sister currently lives in New Zealand but has dual residency with UK. She recently was divorced and is looking at many options in life. If she did choose to move here what would her tax implications be?
Sorry, I don't know if the last email got through to you...the reply didn't to me.
So my last question was to ask what my sister's tax liability would be if she came here from New Zealand and settled back in the UK?
Thank you and finally I assume if she transfers funds to me in the UK and there is proof that they are from the sale of the property in New Zealand (following divorce) then the funds will be ok and clear for money laundering? So, is proof of sale from contracts exchanged from her solicitor enough to achieve this?