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BTL as an individual or Ltd Company?

4 replies

TonkaTruckduck · 28/02/2022 12:47

I'm considering an investment property, but am a bit torn over whether to do this as an individual (work part time, earn 30k), or to set up a Ltd company.
I don't think it would make a huge difference short term in realion to personal tax or corporation tax, but when selling I believe Ltd company status is beneficial.
For any landlords out there, what did you do?

OP posts:
fromdownwest · 28/02/2022 16:40

It will make a difference in tax. Corporation tax would be due on your gross profits.

Weirdlynormal · 01/03/2022 14:18

a Ltd company advice is about 10 years out of date.

fromdownwest · 01/03/2022 15:39

@Weirdlynormal

a Ltd company advice is about 10 years out of date.
So is the ability to claim for mortgage interest outside of an SPV
user1497207191 · 14/03/2022 22:49

Main issue with Ltd co is the double taxation, I.e. when you come to sell, there’s corporation tax on profit and then you have personal tax when you withdraw the net balance from the company.

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