R
Robert1989
New Member
Following my thread yesterday in which I discussed a very basic version of my intentions to start my property investment portfolio I would like some advice on the best vehicle for purchasing property.
I will be buying property for cash and intend to use the rental income to invest in more properties until a time where I decide to use the rental as part of my income and later as my pension, I may want to consider liquidating some property later to form part of my pension but intend for the bulk of the portfolio to be handed down to my children.
The way I see it there are 2 main options
1. But the properties in my name and declare the rent as a taxable income
2. But the properties through a ltd company, reinvest the profits and only take drawings/salary from the profits later in life
Does anyone have any alternative ideas. My main focus is security of the properties, obviously keeping tax liabilities as low as possible but also retain flexibility in liquidating, taking an income and passing on the portfolio all need to be considered.
I will be buying property for cash and intend to use the rental income to invest in more properties until a time where I decide to use the rental as part of my income and later as my pension, I may want to consider liquidating some property later to form part of my pension but intend for the bulk of the portfolio to be handed down to my children.
The way I see it there are 2 main options
1. But the properties in my name and declare the rent as a taxable income
2. But the properties through a ltd company, reinvest the profits and only take drawings/salary from the profits later in life
Does anyone have any alternative ideas. My main focus is security of the properties, obviously keeping tax liabilities as low as possible but also retain flexibility in liquidating, taking an income and passing on the portfolio all need to be considered.