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Post by Deleted on Jan 31, 2019 18:49:09 GMT
With the launch of the property partner IFISA today can I check my understanding of how their current payments are structured.
I believe the rental payments are in the form of dividends of which I have an annual 2k allowance and that when any property is sold any profit falls under capital gains allowance?
Assuming I am well within my limits for both of these I'm better placed utilising my ISA allowance on other platforms I would have thought?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 31, 2019 19:10:06 GMT
With the launch of the property partner IFISA today can I check my understanding of how their current payments are structured. I believe the rental payments are in the form of dividends of which I have an annual 2k allowance and that when any property is sold any profit falls under capital gains allowance? Assuming I am well within my limits for both of these I'm better placed utilising my ISA allowance on other platforms I would have thought? ISA only relates to loans not equity investments AIUI
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hazellend
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Post by hazellend on Jan 31, 2019 19:17:35 GMT
With the launch of the property partner IFISA today can I check my understanding of how their current payments are structured. I believe the rental payments are in the form of dividends of which I have an annual 2k allowance and that when any property is sold any profit falls under capital gains allowance? Assuming I am well within my limits for both of these I'm better placed utilising my ISA allowance on other platforms I would have thought? I’m not sure how capital gains tax will work. At the moment CGT is paid on any profit by the SPV and then by the individual paid again if over the CGT allowance. Presumably the SPV will still have to pay CGT if held inside an isa. I only use S & S ISA so won’t be using it anyway
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pom
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Post by pom on Jan 31, 2019 19:26:48 GMT
With the launch of the property partner IFISA today can I check my understanding of how their current payments are structured. I believe the rental payments are in the form of dividends of which I have an annual 2k allowance and that when any property is sold any profit falls under capital gains allowance? Assuming I am well within my limits for both of these I'm better placed utilising my ISA allowance on other platforms I would have thought? ISA only relates to loans not equity investments AIUI Ugh another platform going to property loans?!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 31, 2019 19:28:45 GMT
ISA only relates to loans not equity investments AIUI Ugh another platform going to property loans?! Started a few months ago
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pom
Member of DD Central
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Post by pom on Jan 31, 2019 19:31:23 GMT
Ugh another platform going to property loans?! Started a few months ago Well given the original post from jester I guess I'm not the only person who hadn't noticed
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Post by Ace on Jan 31, 2019 21:25:24 GMT
Well given the original post from jester I guess I'm not the only person who hadn't noticed I think the IFISA is new, but it's the property development loans that started a few months ago that ilmoro was referring to.
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Post by Ace on Jan 31, 2019 21:30:17 GMT
With the launch of the property partner IFISA today can I check my understanding of how their current payments are structured. I believe the rental payments are in the form of dividends of which I have an annual 2k allowance and that when any property is sold any profit falls under capital gains allowance? Assuming I am well within my limits for both of these I'm better placed utilising my ISA allowance on other platforms I would have thought? I’m not sure how capital gains tax will work. At the moment CGT is paid on any profit by the SPV and then by the individual paid again if over the CGT allowance. Presumably the SPV will still have to pay CGT if held inside an isa. I only use S & S ISA so won’t be using it anyway There won't be any capital gains as only property-backed debt investments are included in the IFISA.
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