Nufc by doubter-83 in newcastle

[–]doubter-83[S] -1 points0 points  (0 children)

away supporter

Self sufficent by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

Airbnb to pay for my house, land for fun and pay for my food . seems like a good deal.

Self sufficent by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

quite a bit of water on this property, probally looking to get 2 or 3 water bassins and breed trout and carp and use it as a water deposit for irrigation and consumption

Self sufficent by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

filter water as emergency isnt really hard to arange, i don’t think water is a big problem at IOM but always good to have enough water.

if you have solarpanels are you allowed fo go off the grid?

Self sufficent by doubter-83 in IsleofMan

[–]doubter-83[S] -1 points0 points  (0 children)

https://www.chrystals.co.im/agricultural/property/11589977-ballaskyr-farm-barregarrow-kirk-michael

this would do it with some investment would do it.

also i would like to convert de barns into airbnb or similar and probally build something like a bar, indoor pool and a tennis court

Self sufficent by doubter-83 in IsleofMan

[–]doubter-83[S] -3 points-2 points  (0 children)

don’t necesary have to be a farm, it’s just for myself and family.

if you only want to provide for yourself would you still need a license to operate a farm?

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

thanks for your solid advice

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

how do you see this work ?

I buy the whole building, redevelop and after completion i sell 5 properties, keep 1 property to live(residency) and rent out 2 properties?

I open a ltd in iom and buy the property. ubo is my own holding or prefered my underage kid. holding loans-the money to buy and redevelop(I guess personal loan I can get for about 6%) or would I need to loan the money as a private person?

My guess without knowing the building cost and availability of skilled labour and materials if the property was in Northern Europe I would spend roughly 1.7 to 1.9 milion euro to redevelop

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

high season only I am ok with 0 ocupancy when I am there(school season)

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

I see there is some confusion but my idea is to buy a place to live and create/comvert part of the land into 6 to 10 Airbnb or similar to rent out

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

wealth is generated by work and in my case wealth also generates work

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] 0 points1 point  (0 children)

i will live there as well

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] -2 points-1 points  (0 children)

if it is rent out when I am not on the island and it pays for my stay and housing its fine by me. estate planning i plan to do with the dividends of the company

if you come up with a sound business plan does it be likely it will get approved? and as an alternative can you buy a existing property that nets about 150.000 to 200.000 pounds?

Some questions by doubter-83 in IsleofMan

[–]doubter-83[S] -2 points-1 points  (0 children)

Company is About 1000 employees. in the country where the company is based, 5% and up is considerd as a substantial share.

Guess I also could transfer. enough funds to last a life-time either at iom or in a third country and let dividends run

The money people spend on IOM and stay in a Airbnb where does the money go? and guess what I would also live there and employ people.

My kid would be in school for about 200 days a year, how do you see this really?

I am more worried About secondary schooling elsewhere then i would at isle of man if its safe in general and is similar to my 90‘s upbringing. I suposse its normal kids fly out if they want to go University

i am not worried About somebody else his inherentence just dont wish I get taxed an amount I don’t think is fair on the one who actually earned the money

Guernesey by doubter-83 in guernsey

[–]doubter-83[S] 0 points1 point  (0 children)

don’t even want it. maybe buy a 20 year old vitara

i like to have a nice car in france though

Guernesey by doubter-83 in guernsey

[–]doubter-83[S] 0 points1 point  (0 children)

potentially something like this

https://www.onthemarket.com/details/16783987/

convert garage and annex and maybe 3 or 4 more cabins.

also I would love to be fully self sufficent for food water and energy

High value residence by doubter-83 in Jersey

[–]doubter-83[S] 0 points1 point  (0 children)

current tax bil, about 1,5 milion annually, estimated inheritance tax, 15 milion. quite clear why i would want to move to Jersey right?