Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
I am planning to ask my mother to manage 2 properties for me which would include inspections, agreements, certificates repairs, gardening, cleaning etc at £800 a month. I would like to set-up my mother as a sole trader paying NIC 2 taxes.
The tenants will pay rent directly into my personal account which I would then set a direct debit to my mother each month for the management and maintenance fees. I do not believe the money should go into my mothers account first before she transfer this to me or would this be necessary?
She will bill me for the buildings insurance and safety certifcates only.
Would this be legal in terms of tax implications.
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