As a Landlord in the General Election I intend to vote for:14:07 PM, 4th November 2019
About 2 weeks ago 100
I have just received back my accounts from who I thought was a very good Chartered Accountant . I have been looking for ways to reduce my tax bill and came across Property118 advising ways to reduce liability.
One of the ways was to distribute some of the rental profits around the family using your spouse or partner. My accountants know that my husband works in the properties and yet when I had a meeting many years ago they told me that HMRC would never except me paying my husband a wage.
They sat and laughed at me!
The properties are in my name only.
The other day my accountant spoke of setting up a trust. He never gave any advice on being able to pay my husband to manage my properties.
Before I speak to my accountants I would be glad of some advice please.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More