BTL - Limited Company - good idea?

garethdjohn

Hi all
first post!

So I need to thoughts on the following.
my wife and I own our own property (mortgaged)
She owns a BTL property in her name with a mortgage on it.
I am now considering purchasing an additional BTL property, prior to the stamp duty rates going up.

At the same time, I am self employed, through a Limited Company.
I have read that people are running their BTL properties through Limited Companies, to get mortgage tax relief.

is this a good idea?
I have an accountant already whom I will talk to as well to get advise but wondered if anyone else in similar situ?

thanks!

silvercar

Advantage: if the money is already in the company you don't have to pay tax on the dividends to get the money out to purchase the property yourself.

Disadvantage: when you sell up the money will be in the company not in your hands.

booksurr

there are far too many what if questions depending on your circumstances to make an answer on here worth writing

go talk to your accountant who does at least know your financial position, investment objectives, income requirements and pension/exit strategy