I am living in Interlaken, I am employed, and own 3 properties which I rent. Two for year long tenants and the other as a holiday home.

Is it possible for me to still be employed and to form a company to handle the rental properties? Is it even worth it?

The number will increase as this is our pension plan. There's also a chance of managing a few other holiday homes not belonging to us.

So does anyone know what the best way forward for me would be?

cheers,

d

This is certainly possible but speak with your accountant on how they you can keep your tax liability low perhaps even putting the earnings into some kind of trust.

Some employees expect to be notified if you become a director of another company and it would depend on what you currently do whether there is a conflict of interest.

I do rope access and canyon guide so no conflict. Is there a income threshold where it becomes worthwhile?

Hmm... I cannot help you with your question but if you do want some help in emm... managing the properties i can take some off your hands

thanks, but emm....no thanks

Well, a girl has to try :P

You are a wealthy landlord with many properties. You should seek professional legal, tax and accounting advice.

If it's not in the same field as your current employment, usually there is no issue with your current employment, though some employer request to be informed if you have an activity (of any kind) aside your job. Check your work contract to make sure you don't have to announce anything to your employer.

Regarding real estate management, sometimes it's better to have a company, especially regarding real estate capital gain tax. Though as I understand you don't purchase and sell real estate, it's more a holding with rental income on long term. Even in that case, it still may be of interest for you to create a company to avoid being qualified as a professional real estate agent, having all the income taxed with your other income and being subject to social security. But this can not be answered on a forum, it needs a proper analysis of your current situation, of the financing, of your future plans, etc.

Thanks for that. Till now things have just happened by themselves and there hasn't been enough income generated yet. But you are right the future has to be taken into account also.

From what u said it is worth enquiring.

Thanks,

d

I wish it were that simple, here's hoping your statement comes true one day!