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  • New Members

    Bad time to start a portfolio?

    Your correct

    up to 40k a year

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    So to confirm if I have 10k a year pre Corp tax rental income I can pay all this out to my sipp and my business will show 0 profit thus zero Corp tax to pay.

    but I won’t get tax relief on the contributions also as they would be classed as employer contributions

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    Hi Mike, Great to see your enjoying Property Tribes!

    No time is a terrible time to think about building a portfolio, it is always down to when you want to and are ready to do it. I’d agree with Vanessa the best thing to do is just start. You will learn as you go along and gain so much valuable information from starting as opposed to waiting.

    I wish you all the best in your venture and can’t wait to hear some updates!

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    Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.

    Thank you for the reply!

    After the advice and things I have read on here I agree and think just to make the first step and learn as I go, very excited to finally be getting started and I’m sure updates/questions will be uploaded thick and fast! 

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