Buying residential property through limited company

[craigmoore86]

Hi there I hope someone can help,

I have been buying run down properties with 2 other business partners and doing them up to a very high standard. Our turn around is 40-60 days for a full refit of a flat.

Things have been going really well and we are looking at ways to establish our business and take it forward.

We have set up a limited company and are thinking of buying property through it rather than buy to let mortgages but I am looking to find out the pro and con's in doing so? I've searched the net but still haven't found the advice I am looking for.

I know that I would be able to claim back VAT back as turnover would be over 40k

I hope someone out there could help!

Thanks in advance

Craig

[GillsMan]

LMGTFY (no, the below aren't LMGTFY links you'll be pleased to know):

http://www.dsh.co.uk/downloads/Tax%2...%20Company.pdf

Limited Company Buy to Let Mortgages UK

http://forums.contractoruk.com/accou...d-company.html

Property tax and limited company formation - information from Company Registrations Online

Lots of pros and cons to both. Some cons include, far more difficult getting a mortgage, and the property belongs to the ltd co which is then a much more liquidable asset if your LtdCo goes bust.