Cash savings vs. Investment

[Johnp]

Re last post HMOs and DSS funded tenants - have you had any issues re Universal Credit payments and your business, UC was designed for rent to paid to the claimant and only by exception for payments to go direct to the Landlord after evidence of non compliance? Seen all sorts of issues reported elsewhere - just wondered how real they were?

Had been looking for a while at buy to let - but then tax changes around 2nd properties etc. put me off. More recently the potential issue possible removal of the use section 21 notices to get tenants to leave has also diminished my interest. Just looking for a heads up?

Thanks


JohnP

 

[AdminAdmin is verified member.]

Buy Bitcoins, job done.

 

[dougs]

Utilise every legal tax break going in what ever country you are in. In UK - Pensions, SEIS, EIS, VCT, CGT allowance, Entrepreneurs Relief, then investing via a company you control. All save you so much in tax bills and by creating a large spread in disconnected things you also cover downside risks.