Hello fellow property investors,
I am currently in the process of building my first self-build property for investment purposes, and I am faced with a decision regarding how to structure my business for future projects. At the moment, the property is in my personal name, but I am considering setting up a business entity for future developments.
My main concern is minimizing the amount of capital gains tax and corporation tax that I will have to pay. I am aware that there are ways to structure a business to reduce tax liabilities, but I am unsure of the best approach for someone in the property development business.
I would greatly appreciate any advice or insights from those of you who have experience in this area. How have you structured your business to minimize tax payments? Are there any specific strategies or structures that have proven to be successful for property investors?
Thank you in advance for your help and guidance. I look forward to hearing from you all.