It makes some sense to invest in BTLs or HMOs in a personal name to begin with up to when the investor stops being a Basic Rate Income Tax payer. Why? All of the mortgage interest is deductible at 20%, so little different in effect from the old regime. It avoids the problem of how to extract the profits from a limited company without needing to pay taxes beyond Corporation Tax already suffered. There are more mortgages avaliable and at slightly better rates for personal borrowers. On the downside, there is unlimited liability. But, in all circumstances, speak to an accountant or tax adviser first!,
Taking out director loan is not the best tax way, why not having a Holding company which holds the two companies under and this way the profit from company A can be move into company B with no tax to be paid. Ask your accountant for this .
Hi a first time buyer question. Can I use my buy to let company s profit to pay my monthly mortgage ? (A small contribution £400/M ) I'm hoping to buy a second property, so my existing flat become buy to let ,may be I will have to do it under a company, on this property after mortgage I will be make £400/M (after interest only mortgage payment) can I take that money (£400) to pay towards my new properties mortgage ? I will be living in the new property. Thank you ❤️
I have a day job and I'm a 20% tax payer. Would it be advantageous to use a limited company to build a property portfolio but not take any income/profits until the company hits £50k/yr or makes more than my main income and I can give up the day job?
I have 2 properties in my own name but I would like to buy 2 more Max as that will be all I can afford.,Should I buy now in a limited company and keep the other 2 investments properties in my own name? ... advice please??
Hi, if you book in a call to speak to one of my Property Education Consultations, they will suggest the best training suited to you. Here is the link: property.isrefer.com/go/ScheduleOnce/TH-cam/
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Informative & helpful nuggets of knowledge. Thank you.
It makes some sense to invest in BTLs or HMOs in a personal name to begin with up to when the investor stops being a Basic Rate Income Tax payer. Why? All of the mortgage interest is deductible at 20%, so little different in effect from the old regime. It avoids the problem of how to extract the profits from a limited company without needing to pay taxes beyond Corporation Tax already suffered. There are more mortgages avaliable and at slightly better rates for personal borrowers. On the downside, there is unlimited liability.
But, in all circumstances, speak to an accountant or tax adviser first!,
Just brought your book soon to start reading this week, interested in the strategy of using equity to finance buy 2 let's
Taking out director loan is not the best tax way, why not having a Holding company which holds the two companies under and this way the profit from company A can be move into company B with no tax to be paid.
Ask your accountant for this .
Hi a first time buyer question.
Can I use my buy to let company s profit to pay my monthly mortgage ? (A small contribution £400/M )
I'm hoping to buy a second property, so my existing flat become buy to let ,may be I will have to do it under a company, on this property after mortgage I will be make £400/M (after interest only mortgage payment) can I take that money (£400) to pay towards my new properties mortgage ? I will be living in the new property.
Thank you ❤️
I have a day job and I'm a 20% tax payer. Would it be advantageous to use a limited company to build a property portfolio but not take any income/profits until the company hits £50k/yr or makes more than my main income and I can give up the day job?
I'd be interested in hearing some advice on this too
Thank you Simon this is really helpful.
Thank you Simon
Thanks a lot
Great video Mr zutshi
Thank you Kamran
I have 2 properties in my own name but I would like to buy 2 more Max as that will be all I can afford.,Should I buy now in a limited company and keep the other 2 investments properties in my own name? ... advice please??
If the income from those property’s combined is more than 50k a year buy it in a company
@@jamesgrant3812 not necessarily, you can defer income above 50k into a pension (up to 40k/yr) if you want to stay in the 20% tax bracket
Great insight
Good info
Do you offer mentoring for young investors?
Hi, if you book in a call to speak to one of my Property Education Consultations, they will suggest the best training suited to you. Here is the link: property.isrefer.com/go/ScheduleOnce/TH-cam/
Don’t you just love our government.