Buy to let property - can I put it under my company's accounts ?

[TykeMerc]

The other important thing is why in hell would you actually WANT to do this?

As per your other thread you're aware that getting money out of YourCo Ltd in a tax efficient manner is a bit of a pain in the nuts once you hit the upper tax bracket so adding a separate unrelated income stream is irrational.

Add the other factors such as stamp duty, company assets and tax on sale profits and it's a plain daft thing to do unless you want to move your business into property management.

[Jeebo72]

The other important thing is why in hell would you actually WANT to do this?

.

The best way is to set up another business and loan the money to it to buy property. And there is a lot of very good reasons to do this. Now for most contractors looking for 1 property, then no. But once you get onto many properties, there's loads of advantages.

[JRCT]

I have been mulling over a similar idea for an effective pension:

run my existing ltd as is, ie for salary & divs purposes.

set up a property management ltd and buy my existing buy-to-let.

buy more flats with the new ltd and put ALL of the profit into a pension scheme, thus incurring no extra CT, salary, divs headaches.

It is that simple, isn't it? It is. Definitely.

[kesm]

Could I get a response on the below please? Is it that simple?

I have been mulling over a similar idea for an effective pension:

run my existing ltd as is, ie for salary & divs purposes.

set up a property management ltd and buy my existing buy-to-let.

buy more flats with the new ltd and put ALL of the profit into a pension scheme, thus incurring no extra CT, salary, divs headaches.

It is that simple, isn't it? It is. Definitely.

[Clare@InTouch]

Could I get a response on the below please? Is it that simple?

You'd have to sell the existing property to the company, so you'd still have stamp duty and legal fees there.

You could then buy future property in that new company, but you would need to consider whether you could get a commercial mortgage on them through a company. Or if buying from existing funds you may want to consider making one company a shareholder in the other so you could transfer money across.

If you own two companies they would be under common control, and that could have a knock on effect on CT and VAT for both of them.

It's not quite as simple as it seems, you need to talk to an accountant first to ensure it's set up correctly.