Property Investment For Your Children Sample Chapter

Planning and implementing property investment strategies for your children's long-term benefit Investing in Property for your Children by Catherine Dawson © 2008 Lawpack Publishing Lawpack Publishing Limited 76–89 Alscot Road London SE1 3AW www.lawpack.co.uk All rights reserved Printed in Great Britain ISBN: 978-1-905261-78-9 Crown Copyright forms are reproduced with the approval of HMSO. Exclusion of Liability and Disclaimer While every effort has been made to ensure that this Lawpack publication provides accurate and expert guidance, it is impossible to predict all the circumstances in which it may be used. Accordingly, neither the publisher, author, retailer, nor any other suppliers shall be liable to any person or entity with respect to any loss or damage caused or alleged to be caused

by the information contained in or omitted from this Lawpack publication. For convenience (and for no other reason) ‘him’, ‘he’ and ‘his’ have been used throughout and should be read to include ‘her’, ‘she’ and ‘her’. This is an excerpt from Lawpack’s book Property Investment for your Children. To find out more about making money through property investment and avoiding tax, click here. Contents Introduction viii PART 1: PLANNING YOUR INVESTMENT 1 1 Choosing to Invest in Property 1 Knowing about the types of property investment 2 Assessing the advantages and disadvantages 4 Analysing housing market trends 7 Predicting investment trends and prospects 9 Assessing skills, knowledge and experience 14 Conducting background research 16 Summary 18 2 Knowing about Property Inheritance 19 Inheriting property 19 Understanding the procedure for transferring property after your death 24 Choosing what to do with an inherited property 25 Knowing about The Inheritance (Provision for Family and Dependants) Act 28 Seeking professional advice 30 Discussing inheritance with your children 32 Summary 33 3 Understanding Inheritance Tax 35 Knowing about Inheritance Tax liability 35 Understanding Inheritance Tax implications 38 Taking action to reduce Inheritance Tax 40 Giving away property and assets 41 Valuing your estate 44 Summary 46 4 Knowing about Inheritance Tax Exemptions 49 Exempt gifts 49 Potentially exempt transfers 52 Chargeable lifetime transfers 53 Making the most of exemptions, relief and transfers 54 Summary 56 5 Paying Other Tax on Property 57 Stamp Duty Land Tax 57 Capital Gains Tax 58 Pre-Owned Asset Tax 60 Council Tax 63 Paying tax on rental income 63 Reducing your tax bill 64 Summary 65 6 Planning your Finances 67 Assessing the financial viability of your property investment 67 Assessing the financial implications for your children 73 Children and tax 74 Raising capital 74 Protecting your finances 78 Summary 78 PART 2: CHOOSING HOW TO INVEST 7 Helping your Child onto the Property Ladder 81 Assessing the advantages and disadvantages 82 Understanding the financial implications 84 Providing financial help 87 Helping with the mortgage 89 Taking out an equity stake 94 Drawing up an agreement 95 Understanding tax implications 96 Summary 96 8 Buying Property for your Student Child 99 Assessing the advantages and disadvantages 100 Understanding the financial implications 102 Finding suitable properties 107 Letting your accommodation 110 Knowing about student letting rules and regulations 112 Managing your property 114 Protecting your property and investment 116 Summary...

Website: www.lawpack.co.uk | Filesize: 259kb
No of Page(s): 23
Download Property Investment For Your Children sample chapter - Lawpack ....pdf