Buying a Bond instead of a Buy To Let

[Cirrus]

Tax: The Curse of the Contracting Classes

Just to reiterate: if you buy something, the cost will reduce your balance sheet so your profits will decline or disappear and thus you will pay less tax.

However what you bought belongs to the company so it will appear on the balance sheet as an asset. So all the £££ you carefully moved off, bounce right back.

And back comes the tax liability.

[slogger]

obviously speak to accountant but i decided against buying a BTL via ltd as combination of mortgage rates being higher and also capital gains on the sale of the property higher (I know everyone generally thinks they wont sell their BTL but the majority of people do eventually!).
as more esteemed people have saidgetting a warchest is #1priority