Buy-to-let BOOM

[diseasex]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

[WTFH]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

What does your accountant say?


Is this the same property you were going to buy as a joint venture with your family member?

[diseasex]

What does your accountant say?


Is this the same property you were going to buy as a joint venture with your family member?

I didn't ask him because i'm still gathering requirements...

[AtW]

Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...

AFAIK business rates are only payable on premises used for business, so renting our residential property should not attract business rates, but if it's commercial property rented out then yes, you (or more like your tenant) will be paying business rates.

[WTFH]

I didn't ask him because i'm still gathering requirements...

Um, asking your accountant is part of gathering requirements, if the question is related to your accounts!

[diseasex]

Um, asking your accountant is part of gathering requirements, if the question is related to your accounts!

I asked CUK instead. Bannanable offence. Throw a rock at me thee without guilt