Overseas Landlords Position
We have been told that as my son is a landlord NOT living in the UK, he must now involve the Letting Agent in registering the Deposit Bond as part of the management agreement.
Is this correct? Must my son have an Agency hold the bond under one of the government prescibed schemes? Could my husband and I, as his Power of Attorney, arrange to place the deposit Bond into one of the schemes on his behalf, without it having an adverse affect on our own tax situation, or position as landlords in our own right.
Your help and advice would be greatly appreciated.
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