The Book-keepers Forum (BKF)

Post Info TOPIC: Landlord wants to bring in Partner.. Trust


Newbie

Status: Offline
Posts: 3
Date:
Landlord wants to bring in Partner.. Trust


Hi Guys

Landlord sole trader earning @40k no finance whatsoever

Refurbing new property income to inc to 80-100k

Wants to keep paying basic rate tax and wants to partner with girlfriend who will genuinely be active 5 days pw

Whats the best way they can split income 50/50 and keep income basic rate ie 50k each

Thanks biggrin



__________________


Master Book-keeper

Status: Offline
Posts: 3794
Date:

I would suggest engaging a tax advisor/accountant with knowledge of the circumstances. A lot of money at stake to be getting it wrong.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Member

Status: Offline
Posts: 13
Date:

You mention partner and trust in the same sentence. Conflating issues. But also expecting a bit much from a bookkeepers forum. You need a tax advisor as Leger states. If you are a bookkeeper, you should point your client towards a tax advisor and Accountant who have the necessary skills to deal with this. As this question came rapidly on the back of asking about Portia, I would also suggest you take any prior comments on this subject on Aweb with a pinch of salt, given the rapidly changed tax world in that sector since she was last able to post without Sift having a wobblehead session about her use of language without appreciating her brilliance.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
2007-2021 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: info@bookcert.co.uk.

Privacy & Cookie Policy  About