Dec

Benefits of a family partnership we had not previously considered

admin

When my twins turned 18 years old I made them both partners in my property rental business and gifted 1% of the beneficial interest in my properties to each of them. We then registered a Partnership with HMRC, which meant I could allocate profits disproportionately to ownership by granting ‘Partners Salaries to each of my children.

The post Benefits of a family partnership we had not previously considered appeared first on Property118.

View Full Article: Benefits of a family partnership we had not previously considered