First property on LTD

[greenlake]

Do you need one with a parking space for your company M5?

That's okay. He'll squeeze it in somewhere....

[SueEllen]

I was reading in the Times that you need to put 15 properties in a company to make it worthwhile.

[diseasex]

I was reading in the Times that you need to put 15 properties in a company to make it worthwhile.

got source?

[MrMarkyMark]

I was reading in the Times that you need to put 15 properties in a company to make it worthwhile.

The OP only has another 14 to get, then.

Fill yer boots

[diseasex]

The OP only has another 14 to get, then.

Fill yer boots

After that gig in london ill be buying new HMO every 2-3 months. However if i was to pay 40% tax and draw dividends to buy personally that would slow things down significantly. That's why i'm 'considering' doing it via LTD
HTH

[MrMarkyMark]

After that gig in london ill be buying new HMO every 2-3 months.

Very, very, ambitious....

Still, houses can only go up rather than down, invest heavily in the Gidiot Ponzi scheme.


You will, forever, be a winner

[diseasex]

Very, very, ambitious....

[SIZE="6"][COLOR="red"]Still, houses can only go up rather than down

I won't be interested in value change as it will be hmo rented out... You not necessarily need to buy them in london, there are way cheaper areas

[MrMarkyMark]

I won't be interested in value change as it will be hmo rented out... You not necessarily need to buy them in london, there are way cheaper areas

You should PM MarillionFan, on here, he is the resident BTL property magnate

[WTFH]

You should PM MarillionFan, on here, he is the resident BTL property magnate

Yup, he's a millionaire (if you multiply his debt by -1)

[OwlHoot]

If i bought property on my limited and it would be LTD's first property I wouldn't pay 2% additional tax after april? Anyone understands this?

Also, wouldn't you have to pay capital gains on any profit if/when you sold the place? This isn't currently true of a privately-owned primary residence.

Again, I'm not sure, but that's a possibilite gotcha to bear in mind.