Just in case you had plans with that TVC money, it can only be withdrawn when you reach 65.
Just in case you had plans with that TVC money, it can only be withdrawn when you reach 65.
I did mention some months back my shares in HMLP which pays dividends of 11%+. But that is a MLP and i'll be interested to learn the ups/downs of such an arrangement as per the IRS (coming soon).
I've yet to learn the WHT. Will advise.
HKD 5,000 isn't much. The only thing you can do is a monthly stock saving plan. Chose 5 stocks you like and pay a high dividend, and put 1,000 each every month.
https://www.bochk.com/en/investment/...s/monthly.html
Out of interest, where are you intending to invest in property? I assume it would be to then rent out?
If the UK, I would be particularly wary given the ongoing toxic sentiment towards landlords.
It is no longer possible to offset mortgage interest costs against tax (so unlike a normal business, you costs of finance is considered part of your profit).
The government has committed as part of its manifesto to add an additional 3% stamp duty to overseas buyers of property (on top of an existing additional 3% for any second properties).
Also, I fully expect that at some point the government will get rid of the tax free allowance for any overseas residents this currently gives you £12500 of tax free income, assuming you don't have any income already coming from the UK.
These are just a number of the key headlines, but there are several other changes which have also been made which makes investment property in the UK much less attractive than used to be the case.
Cdub1985.