Guide To Setting Up A Property PartnershipMake Text Bigger
Property118 Limited has published an eBook providing a step-by-step guide to setting up a property partnership
Advantages of setting up a partnership can include:
* Income Tax Efficiency
* Inheritance Tax Planning opportunities
* A positive step towards incorporation, whereby partnerships become exempt from SDLT when incorporated after three years, capital gains to date can be ‘washed out’ and the Section 24 restrictions on finance cost relief do not apply.
In this eBook you will learn how to go from being a sole owner to a partnership and how to form partnerships with siblings, adult children, other family members or other commercial partners.
It is straight forward to set up a partnership, but only if you know how of course!
Our step-by step guide to forming a partnership includes; links to the forms you need to complete and submit to HMRC, explains how to add new partners and the implications and potential benefits of transferring partnership capital. The eBook also contains an inspiring case study of how a family successfully formed a partnership as part of their tax and succession planning strategy.