Deed of trust rental property
Deed of trust rental property
Author
Discussion

anonymous-user

Original Poster:

84 months

Wednesday 1st October 2014
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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

116 posts

193 months

Friday 3rd October 2014
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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

353 posts

244 months

Friday 3rd October 2014
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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.