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Setting Up a Business for Rental Properties/Selling
js78
Posts: 153 Forumite
What benefit would there be for having a Limited company for my 6 rental properties? in terms of tax, profit etc?
Also if I buy a vintage company(3 years old with accounts) would that make it easier to obtain business overdrafts, business loans, business credit cards etc?
My houses are worth approximately £400/450k depending on valuers! and my rental income is £2500 even though two rooms are vacant which would take it to £3200
Also if I buy a vintage company(3 years old with accounts) would that make it easier to obtain business overdrafts, business loans, business credit cards etc?
My houses are worth approximately £400/450k depending on valuers! and my rental income is £2500 even though two rooms are vacant which would take it to £3200
JS Name: Freemans £94/£200, Jacamo £941/£1400, Santander account £0/£0 Limit, 3 network 18mthx£20, Vanquis £233/£250, Vodafone 24mthx£35, Great Universal £500/£600, Littlewoods £500/£600, Marshall Ward £250/£300, Halifax Reward £93/£100 o/d, Studio £44/£250, Flybe £1450/£1500, Accessory £450/£520.
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in need of credit?Not Again0
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I was just weighing up options as I know my rental properties don't make £57k per annum for vat.
I was also looking at starting to buy and renovate & then sell on using the limited company as a tax vehicle?
I will speak to an accountant obviously but I was looking for other developers to answer reallyJS Name: Freemans £94/£200, Jacamo £941/£1400, Santander account £0/£0 Limit, 3 network 18mthx£20, Vanquis £233/£250, Vodafone 24mthx£35, Great Universal £500/£600, Littlewoods £500/£600, Marshall Ward £250/£300, Halifax Reward £93/£100 o/d, Studio £44/£250, Flybe £1450/£1500, Accessory £450/£520.0 -
I think you need an accountant because going from
12/2009I ask for Non Status as I have a job sales rep only commision only and until recently never paid a penny in my account due to the bankruptcy, even now I only put about £100 in a week. I get £350 per week min sometimes up to £500. I work for a company who pay cash for adverts in a magazine.
I am a FTB in my early 30's and have rented since I was 18 mainly short hold tenant never staying more than one year at any place, but always on the voters meaning I am traceable.
I went bankrupt in 2002 and all the info dropped off 2008 but there are still some late payments, defaults etc even though I was told this would be removed. Alot of the companies did not update my default until 2005 so therefore as a result still show going into 2010! 8 years after! work that one.
to having 450k in a week in property assets is quite an achievement.Not Again0 -
Depends which name I am talking about Deed Poll is wonderful!
Yesterday I was Maurane Fellaini today I am John Smith of England!, I have about 5 different identities! it's how i got the funds for my houses!JS Name: Freemans £94/£200, Jacamo £941/£1400, Santander account £0/£0 Limit, 3 network 18mthx£20, Vanquis £233/£250, Vodafone 24mthx£35, Great Universal £500/£600, Littlewoods £500/£600, Marshall Ward £250/£300, Halifax Reward £93/£100 o/d, Studio £44/£250, Flybe £1450/£1500, Accessory £450/£520.0 -
Depends which name I am talking about Deed Poll is wonderful!
Yesterday I was Maurane Fellaini today I am John Smith of England!, I have about 5 different identities! it's how i got the funds for my houses!
Thats 5 sets of accountants fees, one for each fraudulent persona then..
Lets hope the Justice Department catch up with you soon.
Perjury is treated as quite a serious offence I believe.Not Again0 -
what a c*ck!0
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Walter mitty is another of his persona"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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