Deed of trust rental property

Deed of trust rental property

Author
Discussion

RC1

Original Poster:

4,097 posts

219 months

Wednesday 1st October 2014
quotequote all
Anyone had any direct experience of getting one set up to split the legal and beneficial ownership of a rental property? id like to speak to someone that can draft one for me but dont have any contacts in this area although ive seen companies offereing to do it for a fixed fee basis online although no professional indemnity provided...

MAVROS

112 posts

163 months

Friday 3rd October 2014
quotequote all
I've just instructed my solicitor to do this only today. Some years ago my accountant set up a limited company to mitigate my tax liabilities. Every few years I transfer a property over to the company using a deed of trust. Today I moved over a 3 bed property and 20% of another house. The reason for this is to ensure you stay in the lower rate income tax band.

RichS

351 posts

214 months

Friday 3rd October 2014
quotequote all
Is this to split it between you and the OH? I'm about to do just that. I can send you my doc (no obligation or liability accepted!) if you PM me. You also need to tell the revenue within I think 30 days.