Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Thanks for your response. Why is it advisable to setup a 2nd company? I guess there must be a good enough reason to overcome the additional costs (accountant etc) of running the second company?
Mainly for tax reasons. The rental income is investment income, your contracting is trading. Also if your company is VAT registered, you will become partially exempt for VAT. It is best to speak to an accountant before you go ahead with your property investment.
Comment