Buy to let question

[Badda]

Sarnie said:

I have clients that own properties in their names but operate Ltd Companies for taxation purposes......similar to IT contractors who receive income via contract but operate Ltd Companies in the background and draw out salary and dividends as required..........

Could you expand on this sarnie? To my mind it's nothing like the IT contractors situation as they invoice and are paid as a ltd co.

This situation would like someone being paid PAYE but with no deductions and somehow then putting it through a ltd company...

[Sarnie]

Badda said:

Could you expand on this sarnie? To my mind it's nothing like the IT contractors situation as they invoice and are paid as a ltd co.

This situation would like someone being paid PAYE but with no deductions and somehow then putting it through a ltd company...

"they invoice and are paid as a ltd co".....not all are like this at all, LOTS of my Contractor clients have their contracts in their personal name.

With regards to the landlord clients, I've explained their situation already.......but I'm not an Accountant and don't need to be.......my job is to match their circumstances to lending criteria, how they transact their taxation affairs is not my remit.........