Thanks Mary
Great news on the UK Property CGT loss.
Because I could not use my Irish Rental losses against UK rental profits I was afraid that the same would apply to CGT.
Re: Rental Yield... I can rent the property for 20,000. I reckon I will have about 4,000 in costs each year. Net profit of 16,000. On a property that costs 300,000 I make that to be a 5.3% yield. Don't know where you got 19%. I expect I am doing some calculation wrongly. BTW this is a remote rural commercial property.
I have a self administered pension with Standard Life. It's in a few equity based funds. Medium risk. After charges, I have got a 6% return each year on average. To my mind that is good, without being great. I am aware that medium risk gets mediocre returns.
I thought I would try the residential property game again, I have young adult children paying huge rents up in Dublin. I think one of them should rent from me.
I thought the pension fund and the rental losses would be a good starting off point. I expect I need to see a financial adviser. Just trying to educate myself in advance.
I am thinking of buying something in the childs name, (gift tax ?) and getting her to collect rent on the rent a room system and pay that rent to me. I need to do a lot more research on this.
Thanks for your help. This is a great forum because of people like you.