Should You Set Up A Limited Company For Property Development?

[@UK-Property-Tax-Accountants]

Important - read this www.optimiseaccountants.co.uk/knwbase/using-holding-companies-as-a-property-investor-and-property-developer/ Claim back overpaid SDLT here survey.zohopublic.com/zs/gsBUyp Download our FREE Checklist (PEP) www.optimiseaccountants.co.uk/property-ebook-and-check-list-download-thank-you/ Our live events www.optimiseaccountants.co.uk/tax-seminars/

[@tonyfkingdom]

Another amazing session. Thanks

[@UK-Property-Tax-Accountants]

Thank you Tony. Only made possible with people like you on board

[@interestingvideos4728]

Thanks for the video. What about buy to let if it takes you into being a higher rate tax payer? What about if the property is already in your name? Do you also know about propco opco? Thanks again.

[@UK-Property-Tax-Accountants]

You can move property from name into a limited company but be aware of the many tax considerations. Get tax advice on this one. kzbin.info/www/bejne/o5eli6xpnLutebM and kzbin.info/www/bejne/b3-Tn6B3hbB4nNE

[@youngjock1985]

Lovely stuff

[@UK-Property-Tax-Accountants]

Thank you most kind

[@whome5810]

Hypothetical question: If someone was to change their OWN HOME every year or two, each time selling it for more than they paid, but buying their next home with the proceeds, could there be tax implications? On each occasion it would be their main and ONLY residence. Is there point where the the tax man says that they are doing it too often and need to pay some capital gains tax? Cheers!

[@UK-Property-Tax-Accountants]

This would be seen as trading and taxed accordingly by HMRC. Don’t do it as there are many court cases to prove that HMRC investigate the land registry. Plus this technique could hurt your credit file due to changes of address and relinquishing finance

[@whome5810]

@@UK-Property-Tax-Accountants At what point does it become trading? Obviously people are allowed to move home without being taxed, so is there a specific line drawn in the sand? ie you can't move more than once every 3 years for example? I certainly wouldn't encourage anyone to break any rules, but it is worth knowing what the rules are.

[@UK-Property-Tax-Accountants]

Case law is not based on numbers rather than case by case scenarios hence the name. I can’t go into more detail than that

[@whome5810]

@@UK-Property-Tax-Accountants Hmmm, it sounds like HMRC don't want people to break any rules, but won't state clearly what the rules are.

[@UK-Property-Tax-Accountants]

That is certainly the case, a trap if you will.