Buy to Let Properties

Re: spoken like a true 'tax advisor'!

Would be very happy to receive YOUR (ie no one elses) ideas on this by email Mark, if it's that private - I wont snitch - honest!!!!

Re: spoken like a true 'tax advisor'!

Start with very wealthy parents.


plus other things that I understand to be true but had better not write in a public forum without proof

spoken like a true 'tax advisor'!

JoelHarding, what's the best way for me to accumulate wealth rivaling Richard Branson?

BTL properties should ALWAYS be bought personally

Always is a very strong word NeilW. I think 'usually' might be more apt here. CGT allowances may not be available in the individual's circumstances and there are various reasons for owning BTL properties through companies (income splitting, stamp duty, etc).

BTL properties should ALWAYS be bought personally

Always is a very strong word NeilW. I think 'usually' might be more apt here. CGT allowances may not be available in the individual's circumstances and there are various reasons for owning BTL properties through companies (income splitting, stamp duty, ease of transferring partial ownership, etc).

personal holdings

makes sense if you only have a single family home or duplex. NeilW made some good arguments for this....

I tend to think of my contracting company as part of a future industrial empire, so ignore my previous advice : )

Re: BTL, CGT?

BTL - Buy To Let.
CGT - Capital Gains Tax.

BTL, CGT?

can you expand these acronyms?

What's the criteria for a closed investment company?

Re: tax structure

BTL properties should always be bought personally, so that you can use CGT and various other reliefs. In a company it may end up turning you into a closed investment company and would raise your corporation tax liability to 30%.

Generally the concensus is that property investment is best done personally or in a partnership - at least until you have a *serious* portfolio.

Re: tax structure

I rent my BTL privately and my accountant suggested that was the best option to reduce the liablity for capital gains but I think that's because it used to be my home.

If the place you rent was your main home you can sell in up to three years and pay no CGT. If you sold it to your Ltd. company I guess that means the company gets the CGT.

Any accountants out there to correct that view?

Aside from that I can recommend the Woolwich and also you should speak to Tony Harris at Contractor Money - top guy and sorted my BTL for me.

tax structure

I think it depends on your preference for handling income/expenses on your personal account versus corporate account.

I have a US contracting company that holds income-producing properties, since it give me greater flexibility on tax arrangement. For example, it is more difficult on personal tax returns to claim deductions, while corporations have greater flexibility. Also corporate structure provides an acceptable vehicle to allows you to pyramid your wealth and solicit investors.

You also limit your personal liability using a corporate structure.

Has anyone got useful information about buy to let properties ? In particular, is it better to invest through one's company/personally?

Can anyone share their experiences in these type of investments?