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.

Cheryl



Comments

by S H

13:57 PM, 31st December 2017, About 4 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.

by Cheryl Marchelak

18:31 PM, 31st December 2017, About 4 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!


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