Should You Buy a Property in a Limited Company in 2024?

[@PropertyHubUK]

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[@flappospammo]

When it's owned by a partnership you can do anything you want with the income as you're taxed at source , with a ltd company there's LOADS of restrictions , believe me

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[@Kay-yl9os]

You missed the biggest disadvantage to setting up an Ltd, which is 'double tax'. At some point, you will want to draw down profits from it to yourself, at which point you'll be first taxed corporation tax at 19/25% and then taxed again personally at 20/40%. So, regardless of whether you're a lower or higher tax bracket payer, in the end, you'll end up paying far more in total.

[@johnporcella2375]

He did mention the extraction of profits problem when talking about taking dividends.

[@06khank]

To avoid the 40% dividends tax, you either cut your hours at work (if you have a full time job) or you can employ your spouse and pay the dividends to them to avoid the 40% tax.

[@flappospammo]

Unfortunately benefits in kind is an issue , i've got one in partnership and the other in a limited company ... staying that way too

[@onuakpala5172]

Can’t see the check list

[@dannyhargreaves7698]

My accountant recommended to keep it in my name as I will own the property instead of the LTD company owning it. The tax implications when selling is higher

[@yusufaziz6532]

Hi, if I have a property with a mortgage in a limited, will this effect the amount banks will lend you for a personal mortgage?

[@solaoni2961]

Could I buy under a limited company as a first time buyer?

[@goodtimes8345]

Clear info cheers 👍

[@doctorfamily]

Does Holding property As a company mean the property can’t be easily used by family members if needed?

[@RonaldAnderson-n3m]

Charley Courts

[@beedebawng2556]

Thank you for this informative upload. 🙏

[@brandonmaysey6433]

Thank you for the video and all of your content. Super helpful. One thing I think would have been useful to note which may be relevant for a portion of viewers is the implication this has on future purchases of property (thinking primarily those who currently don’t already own a second property in their own name). An additional 3% surcharge on stamp duty will in most cases be required as a result of a new purchase as it would now be classed as a second home.

[@MickyOTW]

Hi Rob, do you have a recommendation for a tax specialist?

[@FreePizza007]

I’d like to know the implications of a Family Investment Company. FIC

[@jimbojimbo6873]

This is only UK relevant

[@365DaysofSilver]

Like #81 great video mate

[@gealinga1994]

Love your content, really enjoyed this video learnt a lot. Much appreciated.

[@tomjones8715]

Not even put the video out yet! And my answer is a mix of both.

[@MrFrobbo]

Hi, any thoughts on LTD vs Personal purchase for holiday let (Airbnb)? Ive heard the best way to separate liability is to set up two companies, one to buy the properties in, one to run the Airbnb. I will be drawing profits to live on and no need to consider inheritance quite yet. Aiming for up to two properties. Cheers

[@celiahall6168]

That’s an entirely different scenario… commercial property is so much better tax wise! Mine are in my personal name.

[@MrFrobbo]

@@celiahall6168 not if you're only 20% or less tax payer

[@mnicho242424]

Hey Rob. Is taking a property on your name equivalent to buying a residential property ? Or you can get a mortgage for BTL as an individual instead of packing it into LTD straight away.

[@matthewedmondson2713]

You can get BTL mortgages as an individual without and LTD company needed

[@johnporcella2375]

You can have a BTL mortgage in your own name or in a limited company, Same with a property that you rent out, in your own name or in a limited company.

[@jonathanhowson6420]

Just come across this channel. Loving it!

[@vonsenger2010]

But you still need to pay tax on your dividends

[@johnporcella2375]

However, not everyone will do that. Perhaps they will use the profits to fund their SSAS pension fund, thereby sheltering profits away from Corporation Tax.

[@Kollek89]

Hey Rob! I have been following and listening to your podcast for a while. Just want to say thank you for all the great work you are doing and information you are sharing.

[@proventure]

Great info. For me, the prospect of the Chancellor rowing back on the Section 24 rules on mortgage interest for individuals (like the Irish gov did) to encourage BTL investors back in is enough to sit tight with personal ownership rather than pay out the big fees to transfer to company. For new purchases, I guess it is more balanced. Or just go for SA.

[@MrFrobbo]

What's SA? I'm considering LTD vs Personal for Airbnb, any thoughts? Would Airbnb (holiday let mortgage) be any different to a BTL situation or are the one and the same? Cheers

[@nauxsi]

They won't do it because it won't lower rents for tenants.

[@johnlawton3703]

If you already personally own some properties over many years but now because mortage interest is no longer an allowable expense you have a problem - but can the properties be transferred to a limited company without being liable for massive personal capital gains tax on the transfer, rendering it too expensive to do?

[@cockpiss9260]

At the point you transfer property from personal ownership to a limited company, CGT becomes due.

[@robertdavies922]

Yup. You’re in the group of people who are often better off selling up (ironically crystallising the gains). It’s not just CGT, it’s all purchasers costs inc SDLT.

[@wetheseeds]

The memes devalue the video

[@lukespooner7796]

Rob why you leave us hanging like that 😂

[@ivanyunda]

How am I supposed to make profit if mortgage interest, which is huge ATM is not considered cost??? What kind of advice is that? Everyone who thinks to make money in BTL should buy into a company name period. Rob makes it sound more complex than it really is.

[@fortuner123]

It had better be a good vid buddy otherwise you'll be down the Swannee!

[@nancyhood8395]

Bad tenants, bad landlords and THIS GOVERNMENT HASNT A CLUE, ALL PUNISHED BECAUSE OF THIS SMALL GROUP OF PEOPLE ,IF YOU TRASH A PROPERTY YOU MUST PAY ,IF A PROPERTY ISNT FIT TO RENT ,LANDLORD MUST PAY !!IF YOU DONT PAY RENT YOU CANT RUN AWAY ,LIKE MOST DO TO REPEAT THIS CRIME,!!!IT WILL GO ON RECORD !! AND IF LANDLORD DOESNT KEEP TO SATISFACTORY CONDITIONS, HE GETS FINED