BTL House - Individual or Company purchase?
Discussion
Looking at buying a BTL property, freehold in England if it makes a difference.
It will be a cash purchase through an auction most likely.
If we buy it as individuals then we're both lower rate tax payers at the moment but OH already owns 2 BTL's. That would be straightforward and I know the drill.
However, should we also be looking at buying through a company. So OH and I as directors, we loan the company the purchase cost. Is the admin straightforward? I already do our SA's and OH is self employed. I'm thinking we either remove profit as a divi, or we run down any profit by repaying the personal loans to ourselves (thus avoiding any corporation tax).
Thoughts welcome
It will be a cash purchase through an auction most likely.
If we buy it as individuals then we're both lower rate tax payers at the moment but OH already owns 2 BTL's. That would be straightforward and I know the drill.
However, should we also be looking at buying through a company. So OH and I as directors, we loan the company the purchase cost. Is the admin straightforward? I already do our SA's and OH is self employed. I'm thinking we either remove profit as a divi, or we run down any profit by repaying the personal loans to ourselves (thus avoiding any corporation tax).
Thoughts welcome
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