I want to cash in and invest it for the children?
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.
Cheryl
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Member Since May 2016 - Comments: 75
1:57 PM, 31st December 2017, About 8 years ago
In the first instance, you would be recommended to speak to a reputable mortgage broker and a property tax advisor. This will help you understand better what your options are and how you can be most tax efficient with whatever strategy you decide to undertake.
Comments: 5
6:31 PM, 31st December 2017, About 8 years ago
Reply to the comment left by Graham Bowcock at 30/12/2017 – 11:46
Graham, thank you, and I really appreciate the advice. I know it’s not all roses and I do have to really do some research before I take the leap with a such a gamble in my children’s investment!