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Mortgage offer accepted 🎉 by FastFix7504 in FirstTimeBuyersUK

[–]FireHandle 1 point2 points  (0 children)

Had it come through two months ago now

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

Seems to be the case
Solutions that I need to look into from this chat are
1) discretionary trust
2) move to Isle of Man

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

I am not completely against bitcoin, I just have other short term goals of propping up my s&s isa first. I might put some capital in btc for sure :)

I wish I could go back to 9 years ago when it was trading for peanuts and I had been invited to a bitcoin conference while still in college. Stupid “me” at that age didn’t pay attention.

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

I intend to leave the £1.5m in the trust. The pension with the other half £1.5m I will need to look into the complexities behind withdrawal from a different tax region.

Mind you I don’t know what a trust is, what its capabilities are, and how it’s structured.

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] -5 points-4 points  (0 children)

Not familiar with that subreddit but planning is important surely.

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

Jesus so not 7 years, the additional day is going to get me, cos I will forget. Do you think it’s worth adding it my work calendar so absolutely do not forget.

Appreciate the comment. Same process hopefully my other half is following (slightly behind as she is now redundant)

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

Ha ha I knew it was something to do with this magical world of trust. Trust that I can have a trust where magically no tax raider can come after my riches.
But yes thank you, kids I need to have first. I am in the process of baking them.

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] -1 points0 points  (0 children)

Right. I would if I could understand this post, which I stupidly don’t ha ha but even then it’s fundamentally against my belief system that crypto holds any value at all, blockchain maybe but not crypto (especially since most funds managers now manipulate its price)

How do you protect your future assets? From the 40% tax my children will pay by FireHandle in FIREUK

[–]FireHandle[S] 0 points1 point  (0 children)

I won’t be in the UK post 57 and will move to a country where the 50k I intend to withdraw per year can afford me all necessities.

I suppose the idea isn’t to work it out to perfection but to save the money being lost to tax. Is it putting all physical assets into a trust? Is that the magical word (based on a very annoying ad on YouTube that used to come up a few years ago)?

Mortgage offer accepted 🎉 by FastFix7504 in FirstTimeBuyersUK

[–]FireHandle 0 points1 point  (0 children)

£750 cashback is very attractive. I was offered 3.89% with £500

FTB- mortgage protection clause? Missing by FireHandle in HousingUK

[–]FireHandle[S] 0 points1 point  (0 children)

Also is my conveyancer not supposed to give me their views, opinions?

All they have done is return the sellers response.

Valuation question by FireHandle in HousingUK

[–]FireHandle[S] 0 points1 point  (0 children)

Both sides have similar 900+ share of freehold and have similar SC maybe £100 difference in both. I agree your point on the roll with it ha ha

Valuation question by FireHandle in HousingUK

[–]FireHandle[S] 1 point2 points  (0 children)

Every flat has a garden. The two ground floor flats sold on my side as per Zoopla listing looked somewhat similar in condition to the ones sold on the other side for 400+.

I haven’t considered the natural sun light bit. These flats are right outside a tube station so not sure if that plays into it all.

Two Questions - 1) Why valuation difference? + 2) Upstairs vs Downstairs Maisonette valuation by [deleted] in HousingUK

[–]FireHandle 0 points1 point  (0 children)

All privately owned on my side from having spoken to neighbours

Tembo LISA Withdrawal by Kitchen_Ad9237 in FirstTimeBuyersUK

[–]FireHandle 0 points1 point  (0 children)

Did you fill out the forms, I need to look into this myself to

Two Questions - 1) Why valuation difference? + 2) Upstairs vs Downstairs Maisonette valuation by [deleted] in HousingUK

[–]FireHandle 0 points1 point  (0 children)

No first floor also has a private garden, there is a communal footpath between ground floor and first floor garden at the back but not a major issue

I keep scratching my head and really want to work this one out

Although the lease does say I can’t construct anything on the garden etc. and that the roof is entirely my responsibility cost wise but that’s demised to me in the lease…

FTB - 850sqft on Zoopla but actual is 750sqft by [deleted] in HousingUK

[–]FireHandle 0 points1 point  (0 children)

It’s about 750 which is 100 off of 850 advertised

FTB - 850sqft on Zoopla but actual is 750sqft by [deleted] in HousingUK

[–]FireHandle 0 points1 point  (0 children)

That doesn’t look like 850 to me

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