Non-Dom JV Partner
10:04 AM, 28th May 2015, 11 years ago
4
Categories:
Can anyone offer advice on the tax implications for a Joint Venture funding partner who is a UK non-dom?
The proposed arrangement would be where the non-dom JV funder would either be paid a straight interest, or share in the profit of property development flip projects.
Many thanks.
David
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Previous Article
Prospective tenant has CCJ - should I take them?
Member Since February 2011 - Comments: 3453 - Articles: 286
10:08 AM, 28th May 2015, About 11 years ago
Hi David,
I am sorry you need a much bigger accounting brain than mine. I also assume that the answer depends on quite a few factors.
It sounds like you need an excellent accountant. See >> https://www.property118.com/member/?id=452
Member Since July 2013 - Comments: 128
12:50 PM, 31st May 2015, About 11 years ago
Neil is right – be very careful and make sure whatever you do is very transparent and done with excellent professional guidance. There are a lot of issues regarding non-doms and the laws could be changed at any time too.
R
Member Since April 2015 - Comments: 6
10:40 PM, 31st May 2015, About 11 years ago
Reply to the comment left by “Neil Patterson” at “28/05/2015 – 10:08“:
Thanks Neil, I suspect it’s beyond me also – I’ll pursue one or two of the leads this week. Thanks again.
Member Since April 2015 - Comments: 6
10:42 PM, 31st May 2015, About 11 years ago
Reply to the comment left by “r01 ” at “31/05/2015 – 12:50“:
Many thanks for the advice, I agree that any company or agreement between us will need to be very carefully thought through – I’ll be taking some professional advice this week. Thanks again. DH