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Setting up a limited company to buy to let

SamW1995 · 2019-01-28 22:56:42

Looking at setting up a limited company to buy houses to then rent out on the market The reason for this is to save on the 40% tax for a second income, I can afford to buy a house now and rent out in my own name but don’t want to be paying the 40% tax I would be investing into it with my own money and the. Keeping the…

Comments

Comms69 Posts: 14,229 Forumite

29 January 2019 at 11:16AM

anselld wrote: »

There are Companies who will offer BTL to newly formed LtdCo subject to personal guarantee, and all the usual affordablility tests.

The OP has at least stated the one reason why LTd makes sense, ie avoidance of high rate tax and retention of profits for long term growth.

As above need to do a lot more research and speak to accountant but it is not completely unrealistic.

There might be, but I doubt they will take anyone seriously when the pitch is "I'd like to lend £50k for this house"

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