How To Setup Your Property Limited Company

How do you set up your Limited Company (SPV)?
What considerations should I make? Is there anything I need to know?
In this video you will discover:
How to set up your company?
Shareholders?
Directors?
How many shares?
What having a company means you need to do?
When do I need to do statutory accounts?
Corporation tax return - when?
Thanks for tuning in to the video.
If you know anyone who may find the property information helpful and useful then please share it with them too.
Subscribe to the channel and press the notifications button to ensure you keep up to date with the latest property tax and accounting videos
If you need help from an accountant then check out www.Shapcotts-accountants.co.uk
Check out my links at linktr.ee/KimberleyShapcott
DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advise from an appropriately qualified professional.
#property #propertytax #propertyinvestment #accountants #taxadvisor #limitedcompany #SPV #shapcottsaccountants #believepropertyltd
Thanks to unknown creatives (Midlands) limited for editing support and guidance.
Music from:
Happy Upbeat Corporate | WORK by Alex-Productions | / @alexproductionsnocopy...
Music promoted by www.free-stock-music.com Creative Commons Attribution 3.0 Unported License creativecommons.org/licenses/...

[@artist1020]

Hi Kimberly - that was a very thougher and informative presentation. I am setting up a Deal sourcing and Deal pasckaging limited company and will look to your channal in future. Well done.

[@kimberleyshapcottpropertytax]

Glad it was helpful!

[@Tom58498]

Great content thank you!

[@kimberleyshapcottpropertytax]

My pleasure!

[@DavidSmith-qn8fl]

Really useful, thanks.

[@kimberleyshapcottpropertytax]

Glad to hear that!

[@VivaRiseProperties]

Very helpful thank you

[@kimberleyshapcottpropertytax]

You're welcome!

[@michalwodzak1142]

top stuff, thank you

[@kimberleyshapcottpropertytax]

Glad you enjoyed it

[@nikkion2140]

What are your fees for set up a Ltd for a client and on going cost for accounting?

[@kimberleyshapcottpropertytax]

Contact us at www.shapcotts-accountants.co.uk

[@kennyiklei]

Hi, very clear and useful. Thank you. I’m thinking of setting up a LTD for buy to let properties. My children have just finished their university studies. What is the difference when I include them as shareholders at the setup of LTD now or few years later?

[@kimberleyshapcottpropertytax]

Glad it was helpful. Depending on lending you can include your children. If they are introduced at a later stage there may be tax implications which may be the reason for including them now rather than later even if it is only a 5% shareholding.

[@AJ_Aslam]

Hi, great video. Can we transfer deeds of property from personal to a limited company without paying stamp duty again?

[@kimberleyshapcottpropertytax]

Unless specific processes are followed then no. The process is where there are multiple properties in a partnership. There will be a video released at some point. General rule for one or two properties you will have to pay stamp duty.

[@AJ_Aslam]

@@kimberleyshapcottpropertytax Thank you for the prompt response 😀 👍. Will be waiting for your new videos.

[@RobertoPasquier]

I increase the number of shares in the future if needed to bring private investors

[@kimberleyshapcottpropertytax]

You can bring in additional shareholders at a later date and increase the number of shares if needed at any point.

[@Brad_Dean]

How do AST agreements work with ltd company compared to owning property in personal name who do you write on the AST?

[@kimberleyshapcottpropertytax]

The company will be the person on the AST. Should a specific name be needed then one of the Directors can be added.

[@simrandeepkaur4310]

Hi thanks for the video. If i'm getting a loan from my parents for a cash buy of a property, do i need to set them up as shareholders in my company in order for me to pay them back once i refinance? Or can i repay loan without needing to put them as shareholders?

[@kimberleyshapcottpropertytax]

They don't need to be shareholders to get there money back. They would just have a loan with you or the company depending on how it is set up. Ensure you check out the video on CT61s if you are paying them interest.

[@humandave5417]

What about registered office address for the company?

[@kimberleyshapcottpropertytax]

You can have this as any address either at your own home or office or there are services that provide this as an option so your personal addresses remain confidential.

[@ourtraveljournal2110]

Hi Kimberly, Great video. We are a couple without kids who are looking to set up a Limited Company with 100 share. Is it best to have an ordinary share of 50-50 each ordinary share or have A Class share with 50 for the husband and B Class share with 50 for the wife? Or do ordinary share now and change it to Alphabet share later when we have kids?

[@kimberleyshapcottpropertytax]

I would always advise to set up as you mean to go on so would suggest Alphabet shares if you are looking at ending up there anyway and you can split them up as you see fit. So 50:50 works or you can do other options depending on what will work based on your strategy or circumstances. If you want any specific advice I would suggest speaking to an accountant to ensure it will work for you now and in the future.

[@martindebrig1540]

Can I create a company with 2 or 3 Sic codes? 68209 plus 68302 and 68100 all property but different tasks

[@kimberleyshapcottpropertytax]

You can set up a company with several SIC codes. The main consideration though will be the lending side of things. I would suggest speaking to a Broker depending on what you are doing to check that this will not create any lending issues.

[@user-wu6qs4iv3x]

did u finally set up ur company? im kind of in the same situation so i wanted to ask

[@viclow5168]

Can I increase the number of shares in the future if needed to bring private investors? - is there any specific implication of I decided to create thw buainess with 5 milion shares?

[@kimberleyshapcottpropertytax]

Yes you can bring in the future. That is too many shares unless you have physically got £5 million pounds or penny's to actually invest.

[@francoispo1481]

is it obligation to have licence to set up properties agency ? in uk

[@kimberleyshapcottpropertytax]

There is guidance on this type of business with Property Mark

[@abdullahk8691]

Charlatans on the internet have lots of subscribers. Sensible, informative people like this lady have a few. Wonder why?

[@kimberleyshapcottpropertytax]

Please share with those who would find it useful and we can ensure that the right information is getting to the right people.