Using A Limited Company To Buy Residential Property - Optimise ...

Summary

Should you buy property through a limited company?

It is essential to decide how to purchase a buy to let property in your name or buy a property through a limited company . We would suggest that you:

Should you buy property through a limited company?

It is essential to decide how to purchase a buy to let property in your name or buy a property through a limited company . We would suggest that you:

1 – Look at your current financial position of you and your spouse/civil partner

2 – Review what the financial income and tax position of your and your spouse/civil partner will be in the next five years

3 – Work out one structure’s tax savings against the buy to let mortgage interest costs of such an implementation. You should consider the additional costs of using a limited company, such as bookkeeping and limited company accountancy services.

4 – If you are keen to leave your employment job in the next five years, then it might be better to buy the property in your name

5 – A limited company may be better for you if you and/or your spouse/civil partner remains a high rate taxpayer because of work or business activities. You do not need the money from your property investments.

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You might be interested in our property incorporation services to transfer your buy to let portfolio into a limited company written by our accountants for landlords. You ought to be comfortable answering the question, “how to you buy a house through your business?”

If you are unsure of how to set up a property company, please ensure you read our article and get some support from a property accountant.

Incorporate your properties into a limited company Many of our clients have now moved their property portfolios into a limited company to save income tax. Is it time for you to avoid Section 24 mortgage interest relief cap? See how we can help you

Using A Limited Company To Buy Residential Property - Optimise ...
Photo Credit: www.optimiseaccountants.co.uk

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