1) Decide how long you want the investment to last
Buy to let should always be a long-term investment. It’s those people that viewed it as a short-term, get rich quick scheme that are currently suffering.
But just how long you want to be involved in buy to let is up to you, and it pays to work out when you plan to sell up and move on.
22
0I have a number of propoerties and one PPR. I clever tactic passed on to me that I shall no doubt investigate at some stage down the line is to by an investment prooperty that you intend to retire into. The idea behind this is that when you decide to sell up you current PPR as the kids fly the nest, you will not be subject to CGT as this is your main home. However, having already added a retirement propoerty to your portfolio previously, whihc yuo would let during the intervening years, you would then moeve to thaet one and thus it then becomes your new PPR.
IOn so doing you have been able to benefit from rental yileds and capital growth whilst the property was rented out and then avoid paying CGT on its disposable having made it your own house before evenutally deciding to sell it.
Richard
Love 0 love
0Or you could keep the properties and live off the rental returns. If you've held the properties long enough and the mortgages have been paid off or you are getting good returns hand over the management to a letting agency and supplement your pension.
Love 0 love
0Can any one explain the benefits of runnning a buy-to-let through a ltd company opposed to personal?
Love 0 love
0
0
0
0Sign in or register to post a tip.
Retweet
Comments (
Facebook