Non-Dom JV Partner

by Readers Question

3 years ago

Non-Dom JV Partner

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Non-Dom JV Partner

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.

Davidnondom



Comments

Neil Patterson

3 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 >> http://www.property118.com/member/?id=452

r01

3 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

David Harrold

3 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.

David Harrold

3 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


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