I want to cash in and invest it for the children?

I want to cash in and invest it for the children?

8:25 AM, 29th December 2017, About 4 years ago 22

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Excuse my lack of knowledge, but my late father bought gold shares which are valued at £20k, I want to cash it in and invest it for the children by buying in a property up north (I’m Eastbourne).

My partner and I own our property, and would like advice on what I need to do to make it successful with the aim of slowly building a property portfolio.

I will need a mortgage advisor to get a buy to let mortgage, but not sure if I would benefit from a financial advisor or accountant to reduce tax amount.

Would creating a company help with these issues and help build a portfolio?

Apologies again for my novice knowledge!

Any advice would be appreciated.



by Neil Patterson

9:38 AM, 29th December 2017, About 4 years ago

Hi Cheryl,

You are asking the correct questions, but we don't know enough about your particular circumstances or personal position to have specific answers yet.

Yes you should be thinking about tax and investing in a Ltd co name, but it does depend so please try to read everything you can on our tax planning tab >> https://www.property118.com/tax/

Also we have a fantastic resource of hundreds of articles for new starters if you do an article search on P118 using the search term "Newbie"

I would always recommend that a good accountant will save you at least what they cost.

If you need any help with finding an accountant, financial advisor, Broker, Insurance or any other professional service just contact me directly and I will be happy to help >> npatterson@property118.com

by John Constant

10:30 AM, 29th December 2017, About 4 years ago

Hello Cheryl,
as advisers with a long-standing relationship with Property118.com, we would be happy to have an informal chat with you. You have identified that there maybe taxation issues and you were unsure if you needed an Accountant; we cannot give advice on taxation matters, but we would need to ensure that you have taken this advice if you were considering purchasing a property within a Ltd Company structure. There can be advantages to this approach, but it all depends on your personal circumstances, as Neil said.
It is likely that there are many other issues that need to be addressed, but this is not necessarily the best method to do so, so if you would like to speak to someone about this, please feel free to contact me via my personal link.

by Cheryl Marchelak

10:33 AM, 29th December 2017, About 4 years ago

Reply to the comment left by Neil Patterson at 29/12/2017 - 09:38
Many thanks for your reply. Your website is very informative and glad I stumbled across it by accident. I know I'm trying to run before I can walk and must admit I am scared of taking the leap to invest in property, especially contemplating trying to manage a property at a distance! Thank you again

by Martin Roberts

10:34 AM, 29th December 2017, About 4 years ago

Bear in mind there will be 3% additional Stamp Duty to pay, and is the property for the children to live in?

If you plan to rent it out you will need to pay an agent to manage it that far from home.

by christine walker

10:49 AM, 29th December 2017, About 4 years ago

Look on rightmove and put in the postcode DN17 1HG there is a really nice two bed property all ready to rent out,nice and clean and up together, £90,000 rental approx. £500 per calendar month. In North Lincolnshire. It is vacant possession

by christine walker

10:59 AM, 29th December 2017, About 4 years ago

I can also recommend a very good local agent who will mange the property for you ,he is very efficient and the most inexpensive one in the area

by Question Everything

11:29 AM, 29th December 2017, About 4 years ago

Here's a scenario you may ignore but......

Remortgage your own property up to the value of the gold, so therefore keeping the gold in tact.

Use that to fund your children's property, charge them the interest on your new loan to the value you give them which would be far cheaper than rent. (No value in something un-earned)

Take 10% of the gold value and invest it in Bitcoin, or some other top 10 cryptocurrency. You can trade gold for BTC on Goldmoney or Vaultoro.


Mark's article about Bitcoin (BTC), though naive, ill informed and potentially dangerous is at least relevant in the fact that it does have some value. I posted on this site about 4 months ago that people at the moment while property prices are still high and with the economy still in dodgey shape that we should be investing in Bitcoin. It was about US$3,000 then, it is now $14,000 after reaching $20,000. It swings like the clappers but the general trend is up and the commenters suggest a value of $40,000 in summer.

I'm not saying put your house on it, it has just come into the mainstream, hence why Mark has posted his article and morning talk shows now 'discuss' it. Therefore it is likely to shoot up too quick too high and then correct heavily again.

The mainstream media love it as a whipping boy and a town freak, none of them understand it properly and so they just scare people out of it (which is what the gov wants).

The commercial banks also have their own blockchain transaction currency now, it's called Ripple (XRP), it has increased 500% in 20 days and it is still 50% down on it's all time high. It will save them billions in costs of international transfers. Will they pass the lower costs onto us? Bollocks.

This is admittedly not an investment for everyone, but it should be if it comes anywhere near what it promises.

by Cheryl Marchelak

12:52 PM, 29th December 2017, About 4 years ago

Reply to the comment left by Martin Roberts at 29/12/2017 - 10:34
Hi Martin, thanks for taking time to respond. The children are very young so no; they won't be living in it. I am aware if CGT and Stamp Duty and looking at properties around £40-£60k mark as I was informed you need £25% deposit for BTL mortgages. It was really looking how to get into investing in property for our children with the aim of slowly adding more properties to our portfolio and so I can cut my hours at work. My partner and I are relatively new homeowners (2yrs) and recently remortgaged, we both work part time earning enough (with at least £400 to spare between us if we chose to save!). Anyway, I'm waffling...I have a lot more reading and research to do. Its just scary and I find money/finance and strategies confusing - I don't want to ruin or lose any investment for them or compromise our position. I really, really appreciate the advice!

by Cheryl Marchelak

13:00 PM, 29th December 2017, About 4 years ago

Reply to the comment left by Adam Withford at 29/12/2017 - 11:29
I love the idea and I am one for taking a gamble but the only 'spare change' we have is this gold - if we didnt have children, I'd push for it. However my better half wouldn't go with it (understandably).
Unfortunately we recently remortgaged, remortgaging is not an option and we don't have savings. I will err in caution, tread slowly and cautiously investing in property.... Really because I don't know what I'm doing, and not confident in doing it lol. Then see how it fares and progress from there! Thanks again for replying - a lovely dream...if we return from Las Vegas with a jackpot, I'll know where I'll start investing!

by Cheryl Marchelak

14:30 PM, 29th December 2017, About 4 years ago

Reply to the comment left by christine walker at 29/12/2017 - 10:59
Thank you so much for your help. I was looking around Preston and possibly Manchester/Newcastle area as properties can start from £40k. I need to do more research of other potential areas such as North Lincs. Thank you

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