FAQs
-
After the property handover, the management company handles all processes under the contract. Novus signs agreements with its partners
-
Taxes on rental income can be paid through the management company or the accounting firm we refer you to
-
The sales process begins with the issuance of the Sales Memo and typically lasts around 8-12 weeks. It is managed by solicitors, including AML (Anti-Money Laundering) and Source of Funds checks
-
For a property with increased value, up to 75% or more of the investment can be reclaimed through a mortgage. Refinancing is assessed on a case-by-case basis, depending on the investor and the project
-
Yes, a purchase can be made through a special company called an SPV (Special Purpose Vehicle). An SPV protects personal assets, provides financial advantages, and offers tax flexibility
-
•Mortgage interest can be deducted from the taxable income
•The management and income of the property can be easily controlled
•Personal assets are protected