I am working on a flip deal with party of 3 others for a sizeable piece of land, way to big for me to be able to develop at the moment. We have the finance, the buyer and we are just waiting on the final bit of planning.
My question is around limiting my exposure to Gordon Browns grubby fingers. We are buying the land through a joint owned lmited company. I am none to happy on the prospect of having 40% taken away from me, so I am looking for some ideas. The anticipated profit is around 150 to 250k. My current thoughts are as follows:
1. Could I invest the profits I made before paying tax from within the structure of a 2nd limited company owned by myself set purely for Property development. 2. Or could I use a discretionary trust (I have one of these as I was working abroad a lot).
If anyone has some realistic ideas or experience of this I would appreciate some input.
regards
Rich Morgan
