Good video, exactly what I was looking for, at the end of the video you mentioned to stay on top of accounts, could you do a video on how you keep on top of your accounts, very new to this but keen to get it going thanks
Hiya mate related to the sic code. What’s the situation if you are looking not just to do BTL but also house flips etc. in this case would I need to add both of those codes?
Thanks Robert, appreciated. Yes HMO’s can be very profitable if you get your numbers right, also make sure you can get permission to convert into HMO if it’s not already 👍
Thanks for your video! So, you recommend setting up the Ltd initially as it’s easy (saving up some money), but then using an accountant tax returns and such?
Great informative video! Quick question mate....already have BTL properties in my name and now want to set up a Limited to buy some more.... but also want to take over management aspects of my current properties as well...Should i use 2 SIC codes and set up on just one new LTD or set up 2 separate LTD companies? TIA
If you start up a LTD company to buy and sell property and you want to get VAT registered so you can claim back the VAT on all expenses do you then have to pay VAT on the sale of the property?
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Really helpful list of steps Jason, thanks.
Good video, exactly what I was looking for, at the end of the video you mentioned to stay on top of accounts, could you do a video on how you keep on top of your accounts, very new to this but keen to get it going thanks
This is one of the best videos I have found for setting up LTD Company, Thanks!!!!
Thank you ,one of the best videos
Finally a good video to help is start
Great video.
SIC code info was really useful, thanks!
Hiya mate related to the sic code. What’s the situation if you are looking not just to do BTL but also house flips etc. in this case would I need to add both of those codes?
Hi Jason great videos watching your vlog watched all your videos what do you think about buying in Blackpool 9bed house renting it as hmo cheers
Thanks Robert, appreciated. Yes HMO’s can be very profitable if you get your numbers right, also make sure you can get permission to convert into HMO if it’s not already 👍
@@JasonChesters cheers Jason.
Thanks for your video! So, you recommend setting up the Ltd initially as it’s easy (saving up some money), but then using an accountant tax returns and such?
Yes mate. It’s easy and cheap to set up yourself but once you have income and outgoings it’s best to get an accountant to do your returns.
Thanks for this. In that 20k example, if you didnt pay yourself back for a couple of years, could you pay yourself back with interest?
Great informative video!
Quick question mate....already have BTL properties in my name and now want to set up a Limited to buy some more.... but also want to take over management aspects of my current properties as well...Should i use 2 SIC codes and set up on just one new LTD or set up 2 separate LTD companies? TIA
use one company with 2 SIC codes, one for BTL and one for property management
I don't understand why we need these formation sides? it is also working with the gov website. so, could you explain?
Nice video, what code would I use for, a property maintenance, building repairs. Thankyou
SPV or LTD company ? which is better ?
If you start up a LTD company to buy and sell property and you want to get VAT registered so you can claim back the VAT on all expenses do you then have to pay VAT on the sale of the property?
To be VAT registered you have to be earning above a certain amount. I’m sure was around the 80k a year mark
Can you recommend an accountant pls
Note on directors loans the company will still pay tax no the money you have lent it before it’s paid back to you.