Buying Property - Cont.. from 'Biggest morgage'

**kramer** · 28 June 2006, 08:14

not wanting to hijack but i think it may be better to stash the money into pension trust and then look at buy to lets coming out of that money... presuming the return is required over the long term.

**Ruprect** · 28 June 2006, 08:16

Hi Kramer,

So taking the money out of the company into your own pension trust you mean?

Just out of interest, what drives this opinion? TYVM

**Bitbucket** · 28 June 2006, 08:37

The problem you have with that is that the mortage company are reluctant to put a title deed in a company name. I have sold all my property now but when I was looking for a BTL nobody would put it in a company name.

IR will see that you personally own the asset and then say it was a company loan and unless repaid will be taxed so.

**ASB** · 28 June 2006, 09:02

Originally posted by Ruprect

What is the general opinion of buying property through the company (i.e. company assets) as opposed to taking the money out and buying them personally?

It can be a very bad idea, but depends upon circumstances. If your plan is to build a protfolio of property and sell the company on as a ready made portfolio then it has merit. Otherwise it generally doesn't - but depends upon individual circumstances.

Don't even think of moving abroad if you have property held in a company. At least not without reading up very carefully on exit charges.

You can get a good introduction to some of the pros and cons here: http://www.taxcafebooks.co.uk/produc...995&prodid=upc

**Ruprect** · 28 June 2006, 09:07

Nice one - thanks

Buying Property - Cont.. from 'Biggest morgage'