How to move buy to let properties into a limited company TAX FREE | Limited company property taxes
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Published 2022-05-18
If you've got properties in your own name the chances are you've been impacted by the section 24 finance cost restrictions, this has led to many landlords paying far more in tax.
One way around this has to been to incorporate the property portfolio into a limited company which still benefits from being able to deduct the full mortgage interest payments. However, there are two important taxes to consider and if you get this wrong you could be hit with a huge tax bill.
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All Comments (21)
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"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.
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Excellent and clear information on conditions of transfering properties into a company
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Think very carefully before doing this! Great if you have kids to leave it to. If Not so easy to get your cash back out - double taxation !
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Thank you Joshua!
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I would love a quick call on this if possible. Thanks
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Would love a quick call on this :)
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Great Video. Would be great to. Know more and also discuss such things as IHT.
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Good man thank you 😊👍
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I like your content and enjoy learning from you. I wish to see a lot more of the educational and valuable youtube content you put out. Keep up the awesome work! : -
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hi Joahua, I would love to know more about it.
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Hi Joshua, many thanks for this information 🎉
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Hi, really like your advice and I need some further advice on incorporating into a LTD pls
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Josh great content....
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Hi Joshua, Nice video. Thanks. I want to know if I need to book a call with you. What's the procedure regarding the property business.
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thank you!
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Great information, it will be great to contact you if possible
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I've just come across this video - recommended by my cousin. Thank you Josh I'd be very interested in having a conversation with you to scope out the feasibility of moving my portfolio (x10) from personal ownership (me & wife - partnership) to an incorporated structure - LLP or Ltd. I have looked for this route before but deemed it would be too expensive with CGT & SDLT. However this now sounds like it is possible?
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Great video Josh, would like to know more, are u still in Dubai?
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What are the chances of HMRC adding section 24 AND personal income tier tax to ltd owned property for income derived from property. I've heard they are trying to find a way where ltd owned property will suffer the same tax as personal tax liability.
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Great content thanks for sharing this Joshua, not sure about mortgage complications currently under personal names
